Cable is presently about a full cent off earlier highs, presently at 1.4940. Gloomy comments made by Eurogroups’ Juncker (it is not clear how we will get out of crisis!!!!) will have ratcheted up risk aversion, which will not be helping cable’s cause.
Technical supports now lie at 1.4910/15, 1.4890 and 1.4870.
Juncker will now be known as Dr Doom (I bequeth my nickname from my trading days.)
