Can’t keep a good dollar down…

1.3938 the most recent low as risk aversion revives after a flatish close in European equities. The S&P has turned to the south in the last 30 minutes, dropping nearly half-a-percent.

Cable is selling off, falling back below 1.6040 support, tempering the bullishness of the market near-term. Stops are seen below 1.6000 now in GBP/USD.

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