Cable maintains its weak tone after the disappointing PMI data and dip in consumer lending. Prices have probed below the 1.6200 level as bearishness toward the pound swells.
One of these days, markets are going to breakout, but the moves rarely come when everyone is geared up for them like today. That said, very large stops are eyed below the 1.6150 level and stops in EUR/USD are building below 1.4285.
