Cable has rallied up to 1.4600, aided in no small part by activity in the EUR/GBP cross. We earlier reported good sell orders lying up around .9050.
Some sell-stops just below .9000 have now apparently been triggered, accelerating the sell-off to .8980 at writing.
There remain a good number of folk who see the cross headed toward the .8500/.8600 area in the short to medium term. It’s just proving to be something of a bumpy ride!!!
