if these guys are moving together then its normally because the USD is in a trend and they are both getting the action / benefit of the lean
generally when USD is in the doldrums (mainly 😎) i would look to see them opposing each other before I entered on either .............they are not bosom buddies in correlation camp and i prefer to see them in opposite camps for trading opportunities / max pippage :smart:
Cable trade closed (frankly, and as you all saw, it didn't go anywhere near as well as I'd expected)
Edit: So after an initial couple of pips draw-down, the trade bounced in a small range. I closed it at +6.8 just under some big resistance. Seems to be no follow-thru after Carney's comments, and we have US news approaching...