Currently 1.2335 after failing above 1.2400
After the sell rumour/buy fact around May's speech we now wait to see the full aftermath/considered reaction. Seems like there's an element of confusion still hence the tight range for the moment.
Given all the uncertainty yet to come I remain a rally seller jobbing back in the dips in what now should be 1.20-25 for a while longer.
UK jobs/wages data at 09.30 GMT the immediate risk.
Offers: 1.2360 1.2380 1.2400 1.2420 1.2450 1.2475-80 1.2500
Bids: 1.2320 1.2300 1.2280-85 1.2250 1.2230 1.2200 1.2185 1.2150 1.2100
