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Red Put Spread Buyer


NY Fed Operational Purchase

CABLE: GBP remains the strongest among the majors (for the second consecutive
session), with UK cabinet agreeing to back PM May's Brexit plans, it appears the
PM is being spared calls to resign for now. How long this effect lasts may
largely depend on political headlines crossing from the Conservative party
conference due to begin at the tailend of this weekend. GBP/USD, for now,
remains capped by yesterday's $1.3167 highs before any attempt can be made to
recover back above the $1.32 mark and last week's best levels of $1.3298. A
break above the 3% upper Bollinger Band would signal a bout of bullish momentum,
currently sitting at $1.3361.