Cable Flash Smash: Pound Explodes As Stops Taken Out

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In what looks and smells like a combination of a margin call and an algo stop-run, cable just exploded through 1.28 and 1.29 in seconds only to quickly fade back on massive volume…

Spot FX…

 

Sterling Futures show the surge in volume…

 

Which hammered the dollar to 3-week lows…

COMMENT SECTION !