Reuters just reported like for like same store retail sales for march up 9.8% highest growth in 10 years, can you spell recovery?

Cable Update (GBPUSD)

Just get bigger screens.

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What? no catfight?

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My short is still in play.

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Catfight, bring out the beers.

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Just put him on your ignore list and he's gone.

Cable Update (GBPUSD)

I am holding on to my short, it will come in to play later.

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Looks like the shorters, including me, may have had premature injaculation.

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And we have the repo rate in 30

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Look at it this way, the news was there was no news, that's news. Short 5225

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No guts, no glory. BB and I tried that yesterday we crashed and burned.

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Quantative easing, printing presses. They may dump a few more billions in the market. Don't expect it though with the latest GDP's and inflation numbers. Gilt spreads haven't widened as much as other countries. Also no further QE is a bee in the ...

Cable Update (GBPUSD)

The rate will not change, but what are they doing with QE? That may change the landscape slightly

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Yup got caught out by the ma's too today.

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Unless the news changes things, I am still short biased for the day.

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Mine stopped out at BE

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ass chart level 518 is proving to be a pain.

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Exactly. Most volatile pair of the majors, that's why we love it so much.

Cable Update (GBPUSD)

That's why I don't look at M1/M5 for the general trend, too much noise. ma's on M30 and resistance on H1 are favouring a short bias. 5213 was my line in the sand for the retrace and it held.

Cable Update (GBPUSD)

25 and 365 ma on M30, 5213 held on H1

Cable Update (GBPUSD)