Cable battles back above 1.2450. GBP/JPY at best levels since July.

Pound withstands dollar rally

Since Nov 8, the market has decided that it doesn"t mind populism.

The pound has been the only currency able to hang with the US dollar since the election and that"s continued today.

Cable weakened to 1.2361 at the peak of the US dollar rally today but it"s recovered to a session high of 1.2462. The pound is also beating up on the rest of the FX market, especially GBP/JPY, which is at the best levels since July.

Cable battles back above 1.2450. GBP/JPY at best levels since July.
Cable battles back above 1.2450. GBP/JPY at best levels since July.
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