The Cable has fallen completely out of favour with investors as it racks up 9 straight days of losses. However, it has now found a major level of support, so is it time to catch the falling knife? The Cable's week was notable for the lack of a single day in the green as the selling continued from the previous week to make it 9 straight days of losses in a row. The data was certainly against it last week with the UK's major PMIs returning disappointing results. The Services PMI, representing 80% of the economy, fell sharply from 57.4 to 55.6 which is a worry. The bullish US dollar was dominant in comparison to the Pound. A mixed Nonfarm result swung in favour of the US dollar as the market focused on the falling Unemployment Rate (5.1% vs 5.3% prev) and
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