Not long after the London open, Cable broke below 2015 low (~1.4565) by a couple of pips before pulling back. Another attempt at new six-year lows saw the pair being sold to 1.4555. Next major support comes in near 2010 low (~1.4230).
GBP/JPY fell more than 700 pips so far this week and year, almost 200 pips per day, weighing strongly on both core pairs. This pair has been acting as a decent risk barometer having been correlated well with global stock markets.
GBP/JPY fell more than 700 pips so far this week and year, almost 200 pips per day, weighing strongly on both core pairs. This pair has been acting as a decent risk barometer having been correlated well with global stock markets.
