Cable jumps

Cable jumps

The jump in the pound in the last 20 minutes is a head-scratcher. There aren't any major headlines or obvious reason for the run to 1.3103 from 1.3057.

Options might have been keep a lid on the pair through the cut but that kind of pop afterwards is highly unusual.

Some are pointing to a Sun report saying the UK has decided to allow unimpeded imports from the EU in the case of a a no-deal Brexit, in order to keep goods moving and to prevent them from piling up in ports. That's not a surprise and that news has been out for an hour, so