Cable hits four-day low of 1.2180
Bids Mike highlighted gave way as cable cracked 1.2205 and the big figure in a quick move down to 1.2172.
The 30-pip quick drop at a time of day when liquidity is highest underscores the negativity around the currency. On Tuesday, better CPI had led to a rally from 1.2176 but those gains have been completely erased and the pair is now negative for the week.
