Sterling

Due to technical difficulties after having my broadband upgraded to 20 meg I could not log on at at all so I am updating the site somewhat late using my trusty 2 meg broadband connection which works fine.

The chart shows weakness in GBPUSD after what looked like a bearish flag the Cable has moved down over 100 pips today. Further weakness is likely but beware the Pound will probably try and clawback some losses soon so stop management will be a priority on this.

Happy Trading.