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GBP although still on the back foot........>

STERLING
STERLING: GBP although still on the back foot against the USD and EUR, we are
getting at some interesting levels
If you look at the 1yr chart in EURGBP it have been a one way journey to the
upside gaining some 5.90% since May's low.. Likely to start seeing some selling
interest. Regardless 0.8992 is still eyed.
Cable is holding that initial support at 1.2480 for now. The past 2 days move
has been more a function of the USD strengthening post NFP, but let's not also
forget GBP selling interest yesterday on the back of Boris "not bluffing" on
leaving regardless of a deal or no deal.

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