Cable is all over the shop this morning. Liquidity in the cable market, never the best, will increasingly deteriorate as we head into Christmas. This will make for increasingly erratic price action.
The early sell-off in cable was in no small part driven by a UK clearer selling decent amounts of GBP/CHF.
EUR/GBP saw an early advance but failed to get through technical resistance at .9050. We”re presently back at .9025 having been to session high .9049. We started off down around .9000
