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Sterling dropping further in recent trade.....>

CABLE
CABLE: Sterling dropping further in recent trade as GBP/USD breaks below the
Asia lows. Rate now targeting $1.3916, the Jan23 low before a move toward the
Jan18 low of $1.3840. Worth noting that $1.3902 marks the 50% Fib level
($1.3458-1.4346), which may prove supportive.
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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