Highest level since Sept 21 for the pound's Trade Weighted Index
Further to my previous post on cable strength we've also seen some solid performance from the pound this week despite it's post-FOMC wobble to test the key 1.5250 support area
The TWI is now on course for its best monthly showing since June
Expectations that the UK will follow the Fed sooner rather than later makes the pound an attractive proposition for investors looking for yield and the two currencies have become closely linked
It's all still talk though as I wrote yesterday and I hope some of you followed my counsel. Expectations can often disappoint and the jury remains out.
However, after 37 years in this game I'm not myopic/stubborn enough not to pay heed to market sentiment even if I may take a different view
Discretion can indeed often be the better part of valour. It's all relative and the pound looks ok against a whole bunch of strugglers. A scenario that is unlikely to change any time soon
