Hold the phone, cable is not abiding by USD strength
That's a turn up for the books.
GBPUSD 15m chart
1.23 remains the main target from buyers and 1.2250/60 is where we're finding support right now.
Today was the last day of the High Court hearing and if the quid is waiting on any further news it may be disappointed. These three days were to hear the arguments from both sides and now the wigtops will go off to form their views. At most we might get some preliminary comments but it's likely we'll just get confirmation of the expected date for their findings. After that we'll know whether we'll get a proper legal case coming.
