The British Pound, or “Cable” as its referred to by most professional traders, continues to consolidate its post COVID gains. We recently used the currencies appreciation for our “Chart of the Week” and it still looks on track to post fresh 2021 highs – interestingly the GBP has rallied in step with the S&P500 implying US equities aren’t rolling over until the Pound has at least rallied another 3-5%.
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