Cable is storming higher, presently at 1.4635. Sources report talk of a hedge fund buying aggressively and a little more interestingly a US bank “out of Long Island”
As mentioned in the morning wrap up, some sources did earlier opine that they wouldn’t be surprised to see a classic sell the rumour, buy the fact reaction to the Budget Statement. Seems as though some have started early.
Technical resistance 1.4665.
