GBP/USD hasn’t done a lot in this timezone over the past weeks, the odd fit and start here and there is about it.
So, the move this morning is notable; its lost 20 odd points from earlier on. No news or catalysts I have seen, but hearing on the back of concerns continuing over the economy not as strong as has been discussed recently, and continuation of the swing lower since mid-July. Its around the lows from early August now.
I posted this from Citi a few days ago: Citi GBP/USD technical analysis chart and fundamentals … “may stabilize at 1.6693 and 1.6814″
