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Cable (FXB) whooshes down and continues a brutal 2013 selloff after BOE minutes suggest a move...

Cable (FXB) whooshes down and continues a brutal 2013 selloff after BOE minutes suggest a move towards additional QE. Buying $1.5307, the pound is now off 10 big figures vs. the dollar in 2013 and trading at its lowest level in more than a year. It's at its lowest vs. the euro in about 18 months.
Comments (3)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Have been short and expect a test of 1.5267 low of last June.
    20 Feb 2013, 11:32 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Sure enough, it blew through this key support. New intraday low of 1.519 was established, and the trading day isn't over. Nice run down from the Jan 2 peak!
    20 Feb 2013, 02:41 PM Reply Like
  • Interesting Times
    , contributor
    Comments (9670) | Send Message
     
    More QE but metals are dropping? What am i missing here?
    20 Feb 2013, 12:36 PM Reply Like
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