GBP/USD falls to a low of 1.2970
Continued weakness in sterling following Mark Carney's press conference on Thursday is continuing into the new week. With buyers unable to defend the 1.3000 handle, Friday's low of 1.2976 is now on the verge of giving way and the next support level after that will be the 19 July low of 1.2958.
EUR/GBP has also moved back above 0.8900 to test a high of 0.8911 while GBP/JPY fell to test lows of 144.30 on the day.
The downside move in GBP/JPY is still very much in tact when viewed on the daily chart as support at 144.39 is now being tested with further support next seen @ 143.78 before the 76.4 retracement level @ 143.39 comes into play:
