What gains the pound made this morning are all but given back

GBPUSD has spen most of the afternoon heading south and we’ve lost pretty much all of the gains since this morning.

GBPUSD 15m chart 09 10 2017

GBPUSD 15m chart 09 10 2017

The top in GBPUSD has also coincided with a hold of support near 0.8900 in EURGBP. Trading has been a bit lethargic across the FX sphere in general, so the bigger levels have been doing their job in containing the ranges.

Cable is finding support just ahead of 1.3120 and will see more at 1.3100.


Ryan Littlestone

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