Tory rebels are being warned

The London Times is saying that PM May could face no-confidence vote if remainers win over customs deal.

Brexiteers also "warned of severe consequences in the event that May is forced to enter into a customs union against her will, amid growing acknowledgment from MPS that the Prime Minister is running out of options."

The GBPUSD is trading to new session lows as it continues its run lower. On more weakness:

  • The underside of the broken trend line comes in at 1.3121.
  • The lows from July 3 comes in at 1.3113.
  • The low from Friday comes in at 1.3102.
  • The low from July 2 comes in at 1.3094.
  • The June low came in at 1.3049. That was the low for the year.