GBPUSD tests 1.3300 as more Labour MP's fall

As I type 1.3300 is under the cosh while bank stocks tank and more MP's resign

Another Labour MP is threatening to resign over Brexit, the BBC has just announced, and they've been dropping like flies since the vote.

1.3300 has traded and if it breaks we could be moving quickly to look at the Brexit low around 1.3200.

The relative calm in the pound through Asia and today is not an indication that the downside is finished.

Update: The Labour MP threatening to resign if Corbyn doesn't step down is the Shadow Welsh secretary Nia Griffith.

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