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GBP trades in the red against all majors

CABLE
GBP extends losses, and trades in the red against all majors in early trading.
  • Brexit and Covid are at the forefront, with the EU Summit starting tomorrow.
  • The most asked question today, will be on the timing of Ursula and Boris phone call?
  • Nothing is yet official, with some suggesting sometime in mid afternoon, given that Boris will be debating at PMQ at mid day... Will update
  • Cable is eyeing a test at 1.2900, with small support seen at 1.2892, ahead of the more important MNI tech 1.2846 Low Oct 7 and key near-term support

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