Cable has moved higher again, presently at 1.4030. Buy stops just above the psychological 1.4000 were triggered accelerating the U.K. unit’s gains. Stocks are doing nicely this morning, FTSE 100 and DAX 30 both up around 1 1/2% and this will be aiding sterling’s cause as risk aversion wanes. Technical resistance now at 1.4055/60 which could be vulnerable.
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