Cable slump extends as stops triggered

Well looks as though there were decent-sized stops below 1.5850, as suspected. We’ve moved quickly lower, presently at 1.5810. Technical supports lined up at 1.5800/05, 1.5775 and 1.5750/55. Risk sentiment isn’t in good shape this morning, S&P futures off 7 points, and this will be pressuring an already vulnerable pound.