Its tricky picking the GBP at the best of times, let alone on a Monday morning. On Friday my call for a break of 1.4315 saw 1.4600 top, a little higher than i thought. However those gains have been given back and GBP has traded as low as 1.4202 this morning.

I think we may have seen the low this morning. Look to buy GBP on any retracement back towards the 1.4200 area for a look at 1.4350 later today.