Not a headline to give comfort to GBP bulls
The euro demand based on equity market weakness has driven EURGBP to 0.7385 and that has helped push cable down to session lows of 1.5229
Offers into 0.7400 and cable bids here with more into 1.5200 should help provide a little support but the market is still keen to sell GBP rallies and a prime mover remains GBPJPY which has now posted 182.17
Pound bulls waiting for an interest rate hike will be waiting a long time yet
Earlier BOE dep gov and dove Ben Broadbent was out spreading some reality into the equation again
I remain core short cable and a rally seller
DAX now down 1.9%, FTSE -0.7%, CAC40 -1.5%
