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Sterling gains further against the............>

CABLE
CABLE: Sterling gains further against the greenback (but now lagging the EUR
after strong consumer confidence numbers) and GBP/USD now a matter of pips away
from $1.40 once more. Should the pair break above, immediate resistance is seen
at the Apr6 low from 2016 ($1.4006), but this is unlikely to prove too
influential. There's some speculation that $1.4050 could be a possible barrier -
it also marks the 1.618% swing level ($1.3659-1.3027).

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