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NY Crossover Sees Pickup in Selling Pressure

CABLE

GBPUSD plumbing new session lows here at 1.3021 and is narrowing the gap with Monday low of 1.3005.

A break could open the 50-month moving average at 1.2955 and some (relatively small) option strike interest layered between 1.2920-30. Very little news of note so far today to pressure GBP, but it is the weakest currency in G10 - helped lower by further falls in the UK yield curve (10y yield today hitting new alltime lows at 0.083%)

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