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Cable is back at session high

GBP
  • Another volatile start for Cable, spiked from 1.2414 to 1.2443 on the UK data, to then fall all the way to down to 1.2402, and we are now back at session high, as Rates markets (SONIA) fell close to 20 ticks in the Sep and Dec 23s, now 5/6 ticks off their lows.
  • Immediate resistance for Cable comes at 1.2450/2546 High Apr 18 / 14 and the bull trigger.

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