Next 24 hours: Pound Settles After Volatile Open
Today’s report: Sterling Pounded on the Open
It would be impossible to kick off today's call without talking about the sharp drop in the Pound. The Cable rate has broken through 1.2000, within a stone's throw of retesting the +30 year Brexit low from October at 1.1840. Broadly speaking, the USD has been finding bids into this latest dip, despite Friday's softer US retail sales print. read report