So much for demand for 3.3 yards…looks like traders front-ran the order by a multiple and are now trying to get out.
Cable fell from the 1.5775 level just ahead of 15:00 GMT to stand now at 1.5755. It touched 1.5738 in the process.
I still like the pound so long as we keep bouncing from 1.5720/30 support but it is not a trade for the faint of heart…
