Brexit concerns, softer data both combining to undermine 22 Feb

All good things come to those who wait and for GBP sellers it's time for some positive pips as GFBPUSD fall through 1.3880 support/demand to post 1.3855 having triggered a few stops along the way.

EURGBP up to 0.8864 with EURUSD anchored around 1.2285 while GBJPY once again a prime mover and testing 148.75 having seen the last rally capped around 149.25.

On-going Brexit uncertainty, fragile risk sentiment softer UK GDP and CBI data all helping to frustrate the GBP bulls.

GBPUSD demand/support around 1.3850, GBPJPY 148.75 and EURGBP 0.8865 should help to temper current losses but look for acceleration if broken. Always consider the cross-currency plays and the impact on core pairs.