Pound Sterling and CABLE WEAKNESS is Signaling Monetary Surprise

FX:SPX500   S&P 500 index of US listed shares
RE: Global Macro Update Regarding European Union, #ECB, and UK

The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro             STOXX Equity Markets $FEZ. According to Capital Markets Intelligence, this currency market action is portending a monetary surprise announcement; and any rate hike in Europe to stem a soon to be out of control falling CABLE would backfire, as it would just put dangerous downward pressure on UK's GDP and Britain's Industrial production, ultimately further weakening the #Pound #Sterling

Best regards,

Efrem -- Looking for better times ahead in the USA after this initial start of the year shock in USA equity markets abates in the not too distant future ( as indicated in prior memos at Running; as the situation rapidly deteriorates in Europe, capital will likely migrates out of Europe into the USA in earnest.
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