I mentioned in my previous post that being short of cable didn’t feel so brilliant even at the top of a recent range as EURGBP still looked under pressure
And hey presto, we’ve now seen EURGBP fall to 0.7903 from 0.7918 and cable has burst through the offers at 1.5750 to post 1.5771 in a rush
1.5780 offers next in line so we’ll probably take those out from here ( 1.5764) if 0.7900 does finally bust as EURUSD proving a little resilient below 1.2450.
Delicately poised as they say ( ok, I usually say!)
