Brexit headlines from UK's Raab
He says:
- We had a healthy discussion in Cabinet on Brexit
- We are going to hold our nerve
- We intend to progress in the talks on northern Ireland
- On note – steel notices: We are giving guidance to help people
- We continue to seek a negotiated deal
- When asked if the entire cabinet supported UK PM May's Chequers proposals, Raab said we had a good discussion
As London traders look to exit the GBPUSD has dipped below the 200 hour MA at 1.3127.
The 50% of the day's trading range is down at 1.3114. The price is still higher on the day but some of the bullishness has been tarnished.