As the GBP questions continue European desks have busy selling 7 Oct
Reported strong bids/demand at 1.2350 now smashed to post 1.2330 in a rush.
Next line of reported bids around 1.2300 but it's all a bit sketchy after last night's collapse. We might expect 1.2320-25 to bring a little support.
GBP supply getting a boost from EURGBP climbing back over 0.9000 to post 0.9022 as I type
Reuters reporting that 6-month GBPUSD risk reversals to trade off the expected Article 50 trigger in March are showing the greatest bias for GBP weakness since early July.
