Quick moves for GBP pairs

One minute the pound is sailing along nicely and the next, it’s been torpedoed. I’m seeing no news behind the moves but cable has been tonked to 1.3200 from around 1.3245. EURGBP is up at 0.8940 from the low 0.89’s. GBPJPY has been hammered down to 148.60 from 149.10-ish.

May’s due to meet Donald Tusk shortly (around 11.30) so maybe there’s been an early comment somewhere or traders are reducing some risk ahead of that. That#s all guess work on my part though. The only true reasoning is that there were far more sellers than buyers 😉

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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