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CABLE
CABLE: Been a bumpy start of the day for the GBP. Earlier weakness in the USD,
gave the GBP sell off a respite. Brexit, politics and a "no deal" Brexit
uncertainty continue to weigh on the currency.
-Some market participants continue to argue that current levels might start to
become attractive in buying GBP. With the EUR woes and Draghi's comments might
see investors abandoning the EUR?
-USD has now turned bid against most G10 (besides NZD and JPY)
-GBPUSD support are now eyed at 1.2507, 1.2478, you then have that flash crash
on 03/01/19 at 1.2441 (this was EM led, not convinced a good signal). Below the
later we would start opening towards 2 years low we extension seen towards
1.2351.

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