DislikedMorning EO,
Cable is being well supported from the surge in UK banking stocks, which has seen Barclays and Lloyds rising 21% and 42% on the day, respectively.
Just as the uncertainty surrounding the UK banking sector was the main driver behind the incredible weekly 1,400 move to the downside, markedly improved sentiment toward the banks is allowing Cable to retrace significantly. Barclays this week have offered a greater degree of clarity on their capital position, with Lloyds receiving upgrades from two houses.
There are also rumours, probably...Ignored
Just digging in the trenches like everyone else!