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.




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