All the columnists over at the UK Telegraph must have gotten together, put on a big cable short position at 1.5075, and then started to spit out some really bearish GBP articles. Can’t I counteract this somehow? A bloke I know knows a bloke who heard from his mate’s third cousin, twice removed by marriage, that sterling is going…. No I guess not.
After working through the sell orders at 1.5070/75 and then triggering stops above 1.5080, cable has started to drift lower and as we know, nobody likes being caught long at the top! So we may see a further drift with the weekend beckoning. I’m sticking with my long position and my buy-dip strategy. Stubborn to the end!
