It's still looking soggy for the pound but buyers lurking in the dip 4 Oct
Yesterday I highlighted the strong bids/support between 1.2800-20 and they're holding the move lower so far.
I hope the bulls took advantage of the 1.2816 lows and the shorts took some profit off the table.
I remain core short and a rally seller. Upside we should expect offers/res around 1.2860 again, then 1.2880 and 1.2900 as the immediate levels.
UK construction PMI to throw into the mix at 08.30 GMT
Currently 1.2838 with EURGBP still underpinned above 0.8700
