Amidst what appears to be a form of YEN intervention yesterday. Certain technical levels holding out again. Macro picture hasn't changed much. Pound potentially in an oversold state and sessions before end of the week could bring this pair back to the 181 level.
Position entered but will tread carefully.
Position entered but will tread carefully.
Comment:
Huge movement off the back of Gov Baileys comments re potential further shocks in regards to rates. Should hit target by today or atleast tomorrow.