GBP has had some minor jitters in a 20-odd+ point range (for cable)
Each and every Monday I begin the week by highlighting how illiquid FX markets are at this time. What this means is that prices can move, and be moved, on not too much at all.
Today's case study is GBP/USD, 1.3090/1.3125 or thereabouts on pretty much nothing. Of course, there is the usual Brexit weekend noise to be digested.
Volumes are low, its the lack of liquidity that means when orders go through prices can move
As time ticks on we will get more Asian centres coming online to begin the week, liquidity will improve and forex will resume 'normal' (whatever that is :-D )
