Cable runs out of puff above 1.3300 again

GBPUSD has failed to hold gains back above 1.3300 13 July 2016

It was a back foot session for the pound as markets got underway with traders taking some money off the table ahead of the BOE rate decision/voting tomorrow.

Equally impressive rally back from 1.3220 to 1.3305 only to run out of steam again and now post 1.3260.

Great two-way business to be had for the intra-day trader as I highlighted earlier and I expect that to continue. Sharp turns on occasion but very tradable for those keen to do so.

I still prefer to trade from the short side ( no surprises there!)

Best in 2026

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