Re: nincs cím

Vodafone miatt volt a "rally".

In Cable, outside of stops being taken out through the 1.5430 level, the market has caught wind of Vodafone having sold its stake in China Mobile and having to repatriate around 70% of the proceeds - which loosely speaking translates to around GBP 3 B needed to be purchased. This was clearly enough to get the Cable even higher printing 1.5490 or so this morning. Tom the trader should prefer (in his frantic state) to fade this rally looking more at the economic fundamentals, which not only were confirmed overnight with rubbish Halifax housing data, but also ahead of manufacturing data out a little later this morning. Looks like the market is bidding into this release with a buy the rumor, sell the fact trade…