Cable has come under accelerated pressure. Aforementioned stops through 1.5810 were duly tripped and we’ve been as low as 1.5770 so far.
UK October CBI manufacturing order book balance came in at -28 from -17 in September, much weaker than median forecast of -19.
(sorry had to take business call when the data was being released)
We’re presently at 1.5780, with Reserve Bank of India reportedly buying in recent trade.
