But it is a pleasant side-effect of BOE monetary policy, he leaves unsaid…
Cable has taken a beating on the back of heavy short-covering in EUR/GBP continuing today. Stops below 1.5600 took the pound as low as 1.5582 before it stabilized.
EUR/USD remains in rebound mode, now at 1.3650. Offers are seen at 1.3670/75 and again at 1.3695/00.
Stops are above 1.3700.
