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GBP/USD Slips to New Daily Lows, With Volumes Surging Via Futures

GBP
  • GBP/USD slipping through to fresh daily lows at 1.2686 at the NY crossover, with a notable spike in volumes across GBP futures seemingly driving the price action here: over 1,000 contracts at 1200UK time (0700ET) for a cash equivalent of $85mln inside 60 seconds.
  • No news or headline driver for the pair - but timing could suggest fix-related selling for the pair. BoE's Bailey set to speak alongside Powell, Lagarde and Ueda later today.

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