After many were still buying, we could see the whipsaw incoming.

The Pound has unwound more gains vs the Greenback and Euro, or vice-versa, as global bonds yields finally show some sign of topping out after extended rallies to even loftier pinnacles above and beyond psychological levels. Currency markets are also consolidating after extended moves bordering on extreme in certain cases, such as Cable’s spike through 1.4200. This consolidation was foreseen over the early part of this week. Low prices are now to be expected with current momentum.