I see cable has popped through the 15m 200ma in it’s recent slide and EURGBP looks rather perky after yesterday’s hit; in fact the pair is knocking on the door of the hourly 200ma at 0.8645.
One could be forgiven for thinking that King is unlikely to stir the possum too much this morning, after all he is making way for the ‘Clooney’ of the financial markets Mr Carney very soon.
Expect him to stay on a dovish message with threats of more QE and perhaps the soft tone in sterling is in expectation with a few traders pulling back their cable longs.
