Currently 1.384 near session highsMay due to step up around 13.30 GMT to set out the UK’s current position and offering response to the EU’s legal text draft released earlier in the week. The Irish border/customs union/single market remain at the top of the agenda.
GBPJPY sellers still in control and EURGBP underpinned again with option demand helping support EURUSD
I warned yesterday of demand building around 1.3725 with larger around 1.3700 and so it’s proved so I hope shorts banked some pips
I remain a GBP rally seller. No surprises there then eh?
Offers: 1.3800 1.3830 1.3850-60 1.3885 1.3900 1.3920 1.3935 1.3950
Bids: 1.3745-50 1.3720-25 1.3700 1.3680-85 1.3670 1.3650