Monday, January 16, 2017

Cable tumbles amid hard Brexit fears

The press coverage suggests that May's message on Tuesday will be very much hard Brexid biased. This sent the cable north opening with a 140 pips gap. The next resistance is the flash crash low around 1.1500. 

All other major peers are weaker against the USD in the range of 0.20-0.50% except from JPY which is 0.30% stronger as risk-off trade picks up.

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