The Cable was very flat last week, with market oscilating near the Pivot Point. It is rather difficult to trade choppy markets, but we managed to squeeze a miserable $67.



This was clearly a brief consolidation and we should see some action next week. On Tuesday we have important economic news: [GBP] Public Sector Net Borowing; on Wednesday: Revised GDP q/q, and on Friday: Nationwide HPI m/m. Lets see what we can do next week.