The pound is still having a decent time of it but sellers always lurking 2 Nov
Good session in the end for the pound after GBPUSD wiped its feet at 1.2300.
I said in an earlier post we'd see 1.2330 tested if 1.2300 broke with potential of looking at 1.2350 but warned of 1.2360 option expiry interest. GBP bears will have been grateful for the opportunity to sell higher.
We've posted 1.2355 and now back to 1.2327 as EURGBP once again runs into demand at the pivotal 0.8980 area but let's see what happens from here. Failure to get back above 0.9000 will probably put a bid under GBPUSD again into 1.2300
Two triggers at work in addition to the general USD election jitters are tomorrow's BOE decision and the UK High Court Brexit ruling now reported to be released at 10.00 GMT ahead of the BOE.
