Cable touch firmer on day
Cable touch firmer on day
Written by Gerry Davies
November 16, 2011 at 08:39 GMT
Presently up at 1.5792 from around 1.5760 when I sat down.
Same as with EUR/USD, Middle Eastern names notable buyers of cable this morning. Obviously some wariness ahead of UK jobs data and November inflation report/King after that (tone widely expected to be dovish)
Elsewhere, trailing buy stops in EUR/USD through 1.3500 have been tripped and we’re presently up at 1.3520.
UPDATE: UK clearer with strong far eastern ties decent buyer of EUR/GBP in recent trade. The cross trades up at .8561 from early .8528 having been as high as .8566 so far.
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