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Cable test the 1.2900 support

GBP
  • UK services miss expectations, Cable now test the 1.2900 figure.
  • Gilts finds a bid.
  • A clear break through the latter for Cable would open to 1.2855 Low Nov 2 2020 and a key support .
  • But some market participants may start to look at fading the 137 pips range.
  • The Yen remains the best performer, up 1.11%, USD is up 0.96% against the British Pound
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  • UK services miss expectations, Cable now test the 1.2900 figure.
  • Gilts finds a bid.
  • A clear break through the latter for Cable would open to 1.2855 Low Nov 2 2020 and a key support .
  • But some market participants may start to look at fading the 137 pips range.
  • The Yen remains the best performer, up 1.11%, USD is up 0.96% against the British Pound