There is no such like unbelieveable in Forex market, I was thinking that until I was proved wrong.
Cable is approaching a psychological and weekly resistance at 2.0 USD level. I doubt that we will see any dramatic breach of that level. Or lets say it will be that level to have some agressive profit taking and potentially offers (speech from UK about a high sterling.. who knows) unless interest rate outlook for UK or US changes futher.
Things remain very dollar bearish. but at some point, a US Dollar will be oversold and a meaningful correction will be underway.
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