Cable climbs above the mid-February high. What's next

Technical Analysis

Author: Adam Button | cable

The pound climbs ahead of the BOE decision

It's been a nice run for cable this week on the Brexit preliminary deal and now with the US dollar side of the equation helping out. Tomorrow is retail sales and the BOE decision.

A signal on a rate hike at the subsequent meeting would get cable right back to the February highs and the technicals are suddenly much better in the short term.

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