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.


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