The pound is roaring today and a break of the June high 1.7063 continued to 1.7073, the highest since October 2008.
A broad tone of US dollar weakness as set in today. There is more talk of BOE rate hikes and also talk about Carney & Co beginning to sell bonds in a QE unwind.
Cable weekly — what’s not to like?
There’s talk of a barrier at 1.70.
