We're seeing the pound in retreat again on a number of fronts 29 Sept
The nudge lower began as yen demand returned and we've seen GBPJPY selling down to 131.85 from 132.38 help cap cable around 1.3030 after failing above the 1.3050 level in Asia.
Soft UK lending data hasn't helped as markets continue to react/overreact to every potential Brexit-impacted fall-out.
Front-running of the usual month-end EURGBP demand ( that's going to be around for a long while yet until Brexit is finally completed) has seen the pair rally to breach immediate offers/res at 0.8630 to post 0.8635 and that's helping to push GBPUSD lower too.
More offers into 0.8650 and demand at 1.2985 may help to stem further pound declines but I remain core-short GBP and a rally seller as ever while taking profit back in the dips.
