Cable plunges; 1.48 next bear target

Cable broke sub-1.50 earlier and some decent downside momentum has been building since then
Aside from the broad USD strength, UK political risks are again coming into focus
The pair is currently testing the January low at 1.4950, but this isn’t likely to be much of an obstacle for GBP shorts
The next significant support area lies between 1.48 and 1.4830
The 2013 low lies at 1.4812