Cable climbs to the highs of the week

Author: Adam Button | Category: News

Cable edges above the high of the day

Cable edges above the high of the day
Cable inched above the European high of 1.2476. The news of good meetings with the EU is advancing the theme that Boris Johnson has a chance to make a deal.

The daily chart shows how quickly it has turned around after the washout in late August.

Aside from the minute-to-minute news, I think the theme is that parliament has asserted itself and will not allow a no-deal Brexit. That's what turned the trend and that's what really matters.
GBPUSD daily 
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose