Told ya!


More your supermarket rocket than New Years eve over Tower bridge, but the spectre of rate cuts and negative rates gets put back in the draw for another couple of weeks.

The 55 wma at 1.2880 keeping a lid on things for now.

USD/JPY is having another run up through 102.50 and the dollar buying may well spill over into GBP & EUR, though at the moment the price action is looking a bit risk on-ish rather than dollar based.

Cable is up to 1.5222 and has it’s own 55 ma on the daily to contend with at 1.5246.