Good day everyone and I hope you had a great weekend
Plenty of news to digest and today we should learn a little more about the cash amount that Vodafone are paying back to their shareholders. What we will still not know is how much has been dealt already or is still to be done, but Friday’s price action later on in cable to 1.6725 and subsequent dump again to 1.6615 warns us of the current volatility.
In essence though the pair has been contained to a range of 1.6620-1.6720 and has been a range traders dream over the past week as I have been highlighting.
Data today includes German IFO and European CPI
Adam is away all week grabbing some sun and Ryan will be covering his shift so Miles will be popping in over the two sessions to add his own words of wisdom.
Have a good day and a great week
Times GMT
Economic data 24 Feb
