The pound understandably had an early wobble in Asia 3 Oct
I reported yesterday on the announcement by UK PM Theresa May and warned of the pound opening lower but running into dip-demand.
Well, we've seen all that so now we wait for Europe to get fully underway and see how we evaluate the fall-out from here. Lots of uncertainty still and I remain a GBP rally seller.
initial demand/bids at 1.2900 have held so far and there's more behind that at 1.2865 (Aug 15 lows) with strong interest between 1.2820-1.2800.
Expect initial offers/res at 1.2950 with larger interest between 1.2980-1.3000
Full order boards to follow.
