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MARKET NEWS & ANALYSIS
Sharpen your edge
A traders’ week ahead playbook – a slave to price action
After a brutal week/month for risky assets, we turn the page and look to trade all the grenades that are thrown at us in the new week – the dynamic remains one of further fundamental downside risk, amid technically oversold conditions, which suggests any resemblance of good/less bad news should see pronounced upside moves.
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The historic fall of Sterling
The chancellors mini budget driving the selloff, how low can she go?
Selling in the overnight Asian session on Monday the 26th of September 20022 resulted in Sterling against the US dollar trading to levels last seen 37-years ago. The 1985 low was 1.0520, a previous all-time base. Pepperstone registered a base of 1.0353 this morning. A new historic low print for cable (GBPUSD).
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99.92%. *Fill rates based on all trades 01-30 June 2022