And that's when it will stop falling?

We shouldn't be too far away from the bottom. I GUESS

What do you think of Carney? A lousy fit for his job? I feel Mervyn King is a better Governor in many ways.

The pressure on the pound may never go away until BOE make it clear what they want to do, it maybe "sell the rumour buy the fact". Maybe under 1.3 will be the new "norm" for a while

Maybe just the beginning of the big squeeze

Wondering how this will play out.

Hello, wondering if this weekly resistance will do anything to curb the rise of GBPUSD?

My thoughts too. I prepare to sell above 1.4550 anyway. But I want to see the statement first. If Fed provide any clue for a June hike then USD will strengthen just like what happened before Dec 2015. Plus when focus shifts back to GBP side of ...

Price action like this makes you wonder if those big boys know something that we don't. Buy the rumour sell the fact seems to be too easy to be true.

The timing is good for a drop, after 13 days we are hugging the FOMC today. The questions is how much will it drop. El-Erian says FOMC will set up a June hike in today's minutes, I believe so, and if so dollar should rise against everything.

Might be another dip before Carney kicks in, the timing of his testimony comes in coincide with US open

I can't see anything significant on the calender until next week's FOMC rate decision, that might keep the upward pressure on cable for a while. But since this is sadistic cable, how it wants to pre-run FOMC is quite unpredictable, with Brexit being ...

No news is a good news, let's don't underestimate the irony of this market.

Yeah, such is life

Yeah, pretty much still alive I hope all goes on well with you too

GBP typical PA ahead of BOE rate decision, though can't really see anything changing materially, so this will be another sell the rumour buy the fact event, I guess.

Looks like this god-damn kok-sucking muck-muck range trade will persist for a while.

4350 achieved, maybe 4650 next

If it doesn't break to the upside, then it will come down. But why would it break to the downside? Full on brexit?