Looks like my old quid isn’t quite finished for the week and heads down under 1.5000

Whether there’s enough in the tank to see a big break remains to be seen but as I highlighted last time, the path is still seemingly down for Her Majesty’s money

GBP/USD H4 chart 30 01 2015

GBP/USD H4 chart 30 01 2015

Update. We’ve bounced back to 1.5010 and given the time I’m thinking there may be some last minute end of months flows that is coming ahead of the fix. on the weekly chart the candle is looking very gravestone-ish

Boom! The clock strikes 4pm here in London and EUR/GBP dumps to 0.7508 dragging the euro to 1.1279, Mirrowing the late low yesterday. Cable trades 1.5023