Cable’s rally has stalled out at 1.6022, just shy of aforementioned resistance at 1.6025/30, and we’re presently back down at 1.6002. Cable’s fortunes aren’t being helped by a move in EUR/GBP which has seen the psychological .9000 level give out. The cross is presently at 9005.
Sterling’s cause isn’t being helped by increased speculation that we could be seeing further QE in the New Year.
