Currency Market News:

gbpusd-hourly-27-feb-09

It may feel like deja vu, but about this time yesterday the Cable had been sold off sharply and was dicing with the 1.4180 region, setting a low around 1.4140 and then rallying back to just shy of 1.4400.

This time if we go below 1.4140 i think we stay there and look like revisiting support down at 1.3630.