Cable has been the best looking chart all week, as its rally accelerated upon breaking 1.4550/75 yesterday. It never really looked back and it now eyes a resistance line at 1.4900, a top at 1.4910 on the short-term charts and another at 1.4980. UK economic data remain horrible but sentiment has shifted toward the pound after jawboning last week from EU officials and Soros and this week’s bullish call from Goldman Sachs.
