Downgrading of UK to AA+

On Friday Fitch downgrades the UK to AA+ from AAA

On the way to break the 1.54, Cable fall 130 pips from 1.5360 to 1.5230 just after the downgrade from Fitch.

It seems that cable will continue its fall to 1.5150 maybe 1.5030 where support should hold it. But breaking the Bearish flag could bring cable back down to 1.49.

Not recommended to long now!

GBP/USD and EUR/USD have bearish signs now