Cable is struggling in early trade, presently down at 1.5220 from around 1.5260.
Talk of buy orders 1.5200/10, which have just about held the damage so far. Stops seen through 1.5190, then more buy orders noted at 1.5150/60.
Polls continue to point to a hung parliament. I keep reading that this doesn’t really matter to financial markets and won’t really be a hindrance to addressing the burgeoning budget deficit. As Ive said before I don’t prescribe to this thinking.
