Cable has slipped under 1.4600. The dye was pretty much caste when the pairing couldn’t sustain a rally off the Moody’s announcement, that they are not planning to downgrade UK’s sovereign debt.
The earlier release of worse than expected Q-1 GDP continues to hang over sterling.
That said, we are hearing reports of ongoing “corporate” demand on dips, and this could lend the pairing some support.
Technical supports meanwhile lie at 1.4570/75 and 1.4550.
