The pound has been quick to pounce as EURGBP and USD both find sellers
GBPUSD up to 1.3156 in a rush taking out offers as EURGBP-selling triggers stops down to, and through, 0.8485 support to post 0.8474. Stops above recent highs of 1.3120 have also added to the demand.
Currently 1.3147 but looking underpinned still for the moment as USDJPY falls back to 103.15 and EURUSD chews its way higher to 1.1147 despite the EURGBP supply.
I noted earlier and indeed this week the softness in that pair and it's been enough to negate the usual month-end demand. Offers will be in now around 0.8485 and 0.8500 with bids/support at 0.8465 and 0.8450.
Despite the moves we're still ranging with good two-way business to be had.
