Some comments from UK business secretary Vince Cable
- No one knows what will happen to economy
- There are some quite encouraging signs
- Not predicting a triple dip recession
GBP/USD trading has been lackluster sine the breakdown in late European trading yesterday. Offers are located from 1.5680 to 1.5685 with more near 1.5700.
Yesterday’s low of 1.5632 is initial support but an option expiry at 1.5630 may also be protected and some techs converge around that area.