Cable whips around
Cable took a quick move lower on a headline citing a draft of the Brexit preliminary agreement that says it will remind the UK that "nothing agreed yet" on Brexit.
That tricked the algos into selling and cable fell to 1.4047 (or to 1.4062 depending on where you look) from 1.4080. As the real people stepped in it was reversed and briefly hit a session high at 1.4084.
It's back where it was now at 1.4075.
It's a bad time to have a tight stop with the FOMC decision less than 30 minutes away.
