Cable: we've been here before
Cable has been one of the main losers against the dollar over the past three months. While some of this is down to general dollar out-performance, the UK currency has recorded massive falls in its own right. Cable has collapsed from around 2.00, which prevailed through the summer, to below 1.53 into October-end before coming back to test the 1.60 handle. Indeed, cable has for the moment thrown out its traditional trading pattern of ratcheting down broad 'big number' ranges with periodic
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