The cable bulls gave it a good try to get through aforementioned sell interest running up to 1.6450, managing to get to a session high 1.6438. Not even the release of better than expected UK CBI data could do the trick.
CBI Retail sales balance came in at +8 in October, up from +3 in September, and above the median forecast of +5. It’s the highest read since December 2007.
We’re presently all the way back at 1.6380 in cable.
