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Cable has pulled back somewhat from the recent high of 1.6823 and the bulls will be hoping to re-initiate fresh longs at 1.6605 (the 38.2% retracement of the...

Chris Weston

Pepperstone

Cable has pulled back somewhat from the recent high of 1.6823 and the bulls will be hoping to re-initiate fresh longs at 1.6605 (the 38.2% retracement of the 1.6252 to 1.6823 rally). In UK trade (20:30 AEST) we get the latest employment change and unemployment rate, although this metric is slightly less important these days for sterling given the BoE new guidance.

Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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