It's been a soggy session for the pound but a few buyers are emerging 7 Dec
A couple of attempts above 0.8520 have seen GBPUSD pushed down to 1.2578 but now we're retreating at 0.8507 sending cable back up 1.2604
Technicals point to a sustained hold needed above 0.8515 to then look beyond to next key resistance into 0.8360
Earlier I posted about the surprise move last night to allow a vote on a motion tabled by the opposition Labour Party this afternoon with the debate beginning around 12.45GMT
Expectations are for a govt win ( neither May or Labour leader will be in attendance fyi) and that's added to the softer pound tones but now there's a bit of money coming off the table with the risk side being a loss for May.
Either way we will in any case have to wait until January and the Supreme Court's decision for further clarification.
