Cable down at 1.5045 from around 1.5065 when I sat down. Yesterday was hearing stops through 1.5010 and larger through 1.4970 and have no reason to think that won’t be the case today.
Obviously month end and there will be the usual expectation of European central bank buying of the EUR/GBP cross related to UK’ s payment to EU. Will be interesting to see whether this can make a dent in the well-defined downtrend. Cross presently at .8112, marginally firmer from North American close Tuesday down around .8090.
