Cable hits four-day low of 1.2180
Bids Mike highlighted gave way as cable cracked 1.2205 and the big figure in a quick move down to 1.2172.
The 30-pip quick drop at a time of day when liquidity is highest underscores the negativity around the currency. On Tuesday, better CPI had led to a rally from 1.2176 but those gains have been completely erased and the pair is now negative for the week.
Monday's intraday low of 1.2127 is support.
The headlines at the moment are from May and she's not backing down but warning that Britain may face some difficult moments as it leaves but will continue to argue for free trade.
