Pound Breaches 1.45, Next Stop - Much Lower
First the euro, now the cable. Europe is openly capitulating. And as the flush in the GBP is what caused the late day sell off, watch for active central bank currency purchases tonight, or else a very unpleasant market open tomorrow. The only question now is which PM dealer still has any inventory left (incidentally that is a legitimate question - if readers can recommend European PM retailers, please note them).