My Cable Thread

First I know the banks are getting bullish on Cable

But the polls are running things at the moment.

Polls not good at all Labour are closing in.

The other thing is the Euro - need go through what Lagarde is talking about.

https://www.tradingview.com/x/ln9x19tj/

Assuming the market opens gap down on Sunday for circa 40 pips - will then look to go short for attempts to close it

The Independent today forecast a halving of the Tories lead and YouGov has it shrunk by 2% since Wednesday

So any rallies hopefully- with some nice re-tests I will be selling
Current position with the UK economically:
Flash PMI services: contracting and miss against estimates
Flash PMI manu: contracting and miss against estimates
BOE - bearish on the pound- inflation expectations have dropped
CPI on a downward trend
Plus two members of the MPC voted for a 25 bp cut
This week's UK PMIs estimates same as last month flat and still contracting
The thing is I know of 4 banks that are bullish on the pound- assuming Boris gets in with a decent majority.
Which is slowly getting pressurised

Well ok opens down as thought.. at the POC level as well - should have identified that

My arears of short interest are 1.29510, 1.2930 - targets 1.2800

Risk on at the moment.

So lets see how things stack in the London open.

Should get something.

Cable finally makes a move - got 20 pips

Loads of buy orders at 1.2900
Put my short area of interest of 1.2930 for the re-test
Bit of front running by people - to close the gap
Obviously, the risk on environment does not help
Correlated indicators have turned bullish at 1.2900
Plus a steepener in play

Have closed out position