Cable's on a roll. The UK economy is improving, consumer and business confidence are rising and crucially so is the all important real estate market. That rosy picture is likely to be reinforced going into Christmas – traditionally a good time for GBP. Conditions are now ideal for GBP/USD to clear tough overhead resistance levels between 1.6300-1.6500. The 4-6 weeks leading up to the New Year are generally favourable for risk assets and currencies. For stocks it's the setting for the so called Santa rallies and what's good for risk assets is usually good for risk currencies such as GBP. But add in that the UK economy ... (full story)