UK fin min Hammond speaking in Brussels ahead of ECOFIN meeting 23 Jan

  • uncertainty in UK because of Brexit
  • keen to build on momentum from Dec talks

Earlier Eamonn posted on more reports of a soft-Brexit outcome with the UK adopting a Norway-like deal with the EU.

GBPUSD currently back down to 1.3965 after taking out the 1.4000 barrier option in early Asian trading. That elephant is out of the room now so let's see what happens next.

Cable underpinned still but pips to be had for sellers too on short-term trading strategies.