Cable is holding up well as the market awaits OBR forecasts for UK economy due at 10:00 am local time. The market will have duly noted Andrew Sentance in The Times, raising the spectre of higher UK interest rates.
We’re at 1.4665. Earlier heard talk of stops “above” 1.4670. We’ve been as high as 71 and we didn’t spike. Maybe “above” means around 75. Just a thought.
