It's like cable listened to Larry Fink

Cable breaks 1.2950 and trendline support

Cable is now down more than 155 pips after it broke the minor uptrend since July. Greg has more on the technical outlook.

The latest move is part of a broad US dollar bid but yesterday Blackrock CEO Larry Fink talked about Brexit and said he's been speaking to CEOs and contacts in Britain and that no one is investing. He said he believes it will be worse than the market is currently anticipating.