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GBP's exuberant rally Tuesday continues to....>

CABLE
CABLE: GBP's exuberant rally Tuesday continues to be erased, knocking GBP/USD
lower by over 100 pips on the session now. Tuesday's lows at $1.3106 remain the
downside target, but any further downside progress may be slowed by the 21-dma
at $1.3123. There's little material news behind today's move, with GBP merely
repeating its current pattern of outsized intraday volatility. Government
returns next week on 7th January. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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