Cable drop extends to lowest since October 5

Cable under heavy pressure

Risk off markets are giving the US dollar and yen a major lift.

GBP/USD is suffering as the S&P 500 falls 48 points to 2760, falling through the 200-day moving average.

Cable just ticked below the Oct 6 and is at the worst levels since the start of the month. The figure will act as support but there isn’t much else down to 1.2922.


Articles You May Like

Crude Oil Prices Eye JODI Data, Gold May Fall on Fed-Speak
GBP/USD struggling to hold above 1.2800 as Brexit turns bearish… again
Gold Price Could Drive Higher After Dovish Remarks from Fed Officials
Crude Oil Renews Selling on Russian Stance, AUD & NZD Drop on APEC – US Market Open
Breaking News: BOJ’s Kuroda rules out further stimulus

Leave a Reply

Your email address will not be published. Required fields are marked *