Markets

Initiated a short GBPUSD trade around the 1.66 region...after yday's FED announcements re: QE cannot see anyway for GBP to continue its rally towards 1.7. We might see an intraday high close to that level but not a close. Just have to hold on to your positions and ride out the storm. Wal-Mart earnings beat estimates so USD and JPY taking an absolute hammering, Sept Crude futures still not anywhere near the highs achieved last month or previously, which is a v interesting indicator in my humble opinion