The quid is trading like there's some risk coming off
Where to start.
Scottish Parliament has just passed a vote for a 2nd referendum.
Voted 69/59 in favour of a new referendum
Wants it to be held between between Autumn 2018 and Spring 2019
That will all have to go before the UK government now.
And so the pound has dropped further through 1.2500 to 1.2486. There's a little bit of everything going on in the quid right now.
McCafferty wasn't as hawkish as some may have liked, and I get the feeling that before that and the Scottish news, some of this bearish pound move is more from traders taking some short-term longs off the table ahead of what my be a heavy headline day tomorrow.
On a quick look at the charts, 1.2475/80, 1.2460/65 and 1.2420 is where I'd look for support, should these moves continue.
