The pound's been on the back foot once more but we've seen dip demand again 9 Aug
Thin and ever-fickle Summer markets prevailing and after the stop-hunt above 1.3000 we've seen cable back to post new session lows at 1.2963.
Strong demand at 1.2950 combined with EURGBP offers/res at 0.8550 helping to provide some GBP support again but I remain a rally seller into 1.3000-20 adding into 1.3050.
Stronger EURGBP offers into 0.8580 with 0.8579 the 11 July high when we also last had cable down at these lower levels.
