The heat has slowly been turned up
Sometimes a currency moves all at once, other times you see it slowly sink and then it’s suddenly down 225 pips.
Cable today is like a lobster in the pot. It’s happily bobbing around but the temperature slowly rises and suddenly it’s cooked.
The lobster-trade is the story in the pound today (as more headlines hit)
ByAdam Button
Sep 16, 2016