The pound is weaker today and the latest news from China is not going to help with near-term sentiment
If you're looking at the pound, just be mindful of the news story from earlier here. The quid may be weaker amid some stops triggered earlier in GBP/USD and GBP/JPY but the China news isn't something positive that may help buyers in the near-term.
With UK investments already lackluster due to Brexit uncertainty, further restrictions will only add to more misery for the pound and the UK stock market. I reckon it's just a small niggle for now but just be wary that it could lead to a bigger fallout in UK-China ties.
Currently, cable sits lower on the day after failing to move above 1.3300 this week with some resistance seen around 1.3282 helping to keep the upside momentum in-check.
But unless sellers can drive price action back below 1.3200, buyers can still keep up the near-term bullish bias despite some hiccups along the way.
