“Discretion is the better part of valour.” Cable is trading lower on the day, presently at 1.6510. Seems to be postion adjustment ahead of the BOE rate decision. At the end of the day, do you really want to be long going into the announcement? That’s a brave move.
My mate who is a bit of a techie whizz tells me next support now at 1.6507, a breach of which brings about the possibility of an accelerated sell-off to 1.6487. It’s holding so far.
