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Market Analysis
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Cable started by tracking higher before the FED meet but had a nearly 350 pips movement down from the highs. This was the USD led move which was on the back of FED’s interest rate hikes and bullish projections from their forward guidance! This pair seems quite stable as of now but the Brexit fears will always continue to haunt GBP keeping any higher recovery fairly capped! Some economic data’s and other lighter events to look further next week before the holidays start and trading comes to a halt!
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GU rise sharply during the week with PM Theresa May’s speech being the main focus and remains around 1.23/24 level while this week will again be Brexit which will be on focus with UK Supreme Court giving their judgment on Brexit, so that’s to watch.
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UJ picked up nicely during the week with Donald Trump speech giving the push. It’s likely that we will continue to see the things staying higher, but there is no major event ahead to pull it either side which might cause neutral trend to play in.

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