Did someone mention lack of follow-through ? lol
You can’t polish a turd they say and lo and behold GBPUSD has dropped again from 1.5502 to post lows of 1.5476, last seen in August 2013.
Next target/support at 1.5450-55 then not too much in the way of tech support between 1.5375-95 although I wouldn’t expect a straight line lower at this time. Aug 28th 2013 low of 1.5427 should provide a few bids
EURGBP posting 0.7792 highs with offers expected into 0.7800-10
Pound pressure no being helped by talk of higher fines on RBS
I’m afraid you’ll have to make do with just me this morning as my wing man is confined to bed with a winter bug. Hopefully Mr L will be back entertaining you all on Monday
