He's still answering questions but most of parliament has probably adjourned to one of the many bars in Westminster
As I type, cable has chewed through the 1.4150 area to 1.4163. The area is sticky through to 1.4175 and if that goes then we could get a move on 1.4200.
GBPUSD 15m chart
The day's panic has softened but the pound is by no means out of the woods just yet. Short term, a break of 1.4175 and then 1.4200 will likely get some of the new shorts taking their money off the table.
The messages from parliament have been widely calming for the overall exit picture. Even Boris Johnson's question was meek versus his blustering over the last couple of days.
We've still got four months to go in all this and no doubt many moves yet to decipher. I'm still looking to get into longs for stay vote and maybe today was a good opportunity to start setting up for the long haul. We'll see. For now I'm just going to keep nursing today's trade and see what it brings.
