GBP/USD nears 1.3000 after hitting two-week low


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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.

ForexLive
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