Barriers taken out as well

Cable has now fallen to new lows for the year. And if sellers manage to sustain a firm break below the 1.3100 handle, support at 1.3055 will be eyed next.

The dollar is holding up well across the board with EUR/USD down to lows for the day and USD/CHF and USD/CAD is also at session highs. But the big move so far is the one in cable no doubt. The lows now are touching 1.3081.