Presently around 1.4500. Little earlier heard talk of stops through 1.4525. CPI data for April up in 2 mins expected +0.4% m/m, +3.5% y/y. If higher than expected could give cable further lift and vice versa.
The Financial Times reports that a UK court has granted in an injunction to BA forbidding cabin crew from striking this summer. Cable tumbled along with the euro late in European trade, reaching 1.4365. We’ve recovered to the 1.4415 area … Continue reading
By George I think he’s got it. Scale of Government debt poses threat to UK economic recovery Greece is a reminder of what happens when governments lack will to cut debt Public and markets have completely lost confidence in UK … Continue reading
Cable has managed some recovery in early European trade, presently at 1.4375. Hearing talk of sell orders up at 1.4390/00 and more at 1.4415/25. Well we know one particular hedge fund, with a huge 1.4400 cable put expiring Thursday, will have … Continue reading
Cable presently down at 1.4345 from North American close Friday up around 1.4520, having been as low as 1.4253. The new UK government has come out accusing Labour of persuing a “scorched earth policy” before the general election, leaving behind billions of … Continue reading