Cable rises a full cent from the lows
Cable is in the midst of a solid turnaround.
After falling as low as 1.2854, the pair has jumped to 1.2960. Carney highlighted the "fog of Brexit" and warned about a no deal. He also said uncertainty is hurting the economy but the underlying message was optimism, especially if a deal is struck.
The pound is on a five-day losing streak and touched the worst level since Jan 22 but has turned around quickly and is now at a session high. A rise above 1.2979 would mark an outside day and a potential bottom.
Source: https://www.forexlive.com/news/!/cable- ... y-20190207
