Soggy pound extends losses after soft data - ConsultFX

Soggy pound extends losses after soft data

Cable pushed to lows of 1.2864 on the day here highlighted Bearish momentum is starting to be formed now and this doesn't bode well for the pound in the near-term. With Brexit rhetoric not looking likely to improve, the outlook is growing darker by the day. In terms of data releases, there's construction PMI to come tomorrow (minor