We're seeing some pound selling as European desks stumble into life 28 July
Spooky how many times this happens when I start most mornings, lol
GBPUSD now down to 1.3173 in a rush from 1.3220 when I sat down. Reports of some stops being triggered through 1.3200.
No headlines to suggest a prime mover but would suggest this is Europe deciding that cable above 1.3200 is a good sell opportunity again. Expect demand into 1.3150.
GBPJPY selling probably also in the frame with USDJPY also a little lower at 104.75
EURGBP pushing up through 0.8400 again
