GBP crosses

Cable leading the way lower in early Asian trade

Chinese markets are back after a week off but Japan is closed today for a public holiday. Cable has unusually been the main mover during the early morning session, already down 40 pips today.

Risk has once again been ‘off’ on a Monday in Asia, I think this is 15 from last 16, with the World Bank downgrade of Chinese growth to 7.7% from 8.2% not helping matters.

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