The key market-relevant points of UK Autumn Budget speech now mostly out
GBPUSD wobbled lower to 1.3212 after hanging around 1.3240 as the softer OBR forecasts sank in. EURGBP posted 0.8887 highs. The forecasts will published in full on the OBR website after the Budget speech.
We're seeing a little recovery now to 1.3230 and 0.8880 with GBPJPY also finding support into 148.00 and now 148.20
Large option expiries at 112.00 on USDJPY and USDCAD at 1.2780 still making their presence felt. See my earlier thoughts here. There's a few rolling off on GBPUSD at 1.3250 too which should help cap rallies.
I'm out of here now. See you all back here tomorrow for more fun and games.
GBPUSD 15mins