The cable sell-off has accelerated, sell stops being triggered just below 1.6480. We’ve been down to a session low 1.6455 so far. Shanghai index off hefty 5%.
What a difference a day makes. Sterling seems to benefit disproportionately from risk on days and then suffer disproportionately on risk off days.
Technical supports now at 1.6450/55 and 1.6430.
