It’s never too late to sell cable, the old saying goes…until it rallies three cents and rips off your face…
It is in face-ripping mode this morning as shorts scramble for cover as the pound rallies after shockingly strong service-sector PMI. 1.6250 barriers have been triggered and more are rumored at 1.6275 and 1.6300. We trade now at 1.6255.
