I haven’t seen this much disgust in the UK since the World Cup.
The decline in cable has extended to 1.5354 with bids at 1.5350 now under pressure in an absolute rout. The 230 pip rout is worse than any day last year.
If that level goes there isn’t much in the way of support until 1.5300, where there is more rumored demand, a barrier and stops. The 2011 low at 1.5272 is next along with the trendline from the 2009 low at 1.5251.