Having tumbled since June this year, down to 1.4790 today, Cable looks set to bounce hard from here.
How much lower can it go?
I can’t remember which website I was reading a few days ago, but certain economists were predicting GBP/USD going all the way down to 1.2+. lol crazy, not going to happen.
In fact, this pair is likely to go up from here, and the risk-reward at this point is, in my view, fantastic.