England thrash Australia in 2nd Ashes Test; cable firmer

England beat Australia by an innings and 71 runs. Who would have thunk it?

Cable up at 1.5780 from a North American close Monday down around 1.5715, having reached 1.5821 high during Europe’s morning session.

I can just see those euphoric UK cable traders this morning. Coming in after the historic cricket victory and thinking to themselves I’ll think I’ll load up with some Betty. And they did!!!

Reports of sell orders now gathered up around 1.5835. Lilac mentioned the 21 dma lies at 1.5839, so the reports make sense. Spot traders are a bit partial to their 21 dma.

This afternoon at 15:00 GMT we have NIESR’s latest GDP estimate for month of November, which will be of some interest.