Third day of losses in cable
GBP/USD is at the lows of the day, down 63 pips to 1.3016.
Today’s decline cut through the Sept 20/23 lows at 1.3055 and the selling has been relentless since. Quarter-end flows could be the story but it won’t be clear until next week. Watch for a quick move on the London fix at 1500 GMT.
Certainly Brexit worries are an ongoing drag. The pair is down more than 200 pips since.
Watch for stops below 1.3000.