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GBP/USD Prints a Fresh Low at NY Crossover

GBP
  • GBPUSD gives up the day's gains to move to sessions low at the NY crossover. Modest gains posted after BBG's Brexit story (UK and EU aim for final deal to end Brexit clash in fresh talks) being wholly reversed. Volumes very slightly picking up on the downtick, but far from the best trading activity of the day as price slips to 1.2128.
  • 1.2085 undercuts as support - the 20-day EMA, while the 1.0% 10-dma envelope sits below at 1.1949.

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