It’s never too late to sell Sterling
Or so the old adage goes! EUR/GBP has broken up again and cable looks like it will close below 1.5800. If EUR/USD stays in its range, capped below 1.3400 and if the cross stays bullish, then cable could be in for some more heavy losses.
I’m not going to chase this one lower but if I had to have a position, I’d be short.