There is important technical support in the cable at 1.5155 (double-bottom neckline) and 1.5180 (61.8% 1.4830/1.5750) and of course EUR/GBP is also sitting just below important resistance. In other words, there are likely to be plenty of sell-stops in the GBP and I’d expect the London market to have a serious look at these once they get up and running.

I’m sticking with my long cable trade but will stop-out at 1.5100.