Cable remains capped ahead of 1.3400 even though the index...
Before:
Cable remains capped ahead of 1.3400 even though the index dipped below support protecting 92.000 to extend declines within fresh and lower 92.204-91.941 parameters in the run up to a deluge of US data due to Thanksgiving. We have made a nice move thus far just shy of the 1.3400 region with roughly 110 pips left on the table taking us into the 1.3440 target zone. The next level to the upside beyond this would be 1.3500.
On Brexit, details might be scant given that (at the time of writing) the UK and EU are yet to formally agree a post-Brexit trading relationship. However, some focus will fall on how the Treasury plans to plug the gap for departments that were previously reliant on funding from the EU.
Cable remains capped ahead of 1.3400 even though the index dipped below support protecting 92.000 to extend declines within fresh and lower 92.204-91.941 parameters in the run up to a deluge of US data due to Thanksgiving. We have made a nice move thus far just shy of the 1.3400 region with roughly 110 pips left on the table taking us into the 1.3440 target zone. The next level to the upside beyond this would be 1.3500.
On Brexit, details might be scant given that (at the time of writing) the UK and EU are yet to formally agree a post-Brexit trading relationship. However, some focus will fall on how the Treasury plans to plug the gap for departments that were previously reliant on funding from the EU.
