It's been another lively session for the pound 20 April
Weaker UK wages and jobs data releases were quickly soaked up as GBPJPY led the way with GBP shorts rushing to cover, but I did warn that the data would only add to GBP woes.
GBPUSD headed back above 1.4400 only to run into the sell interest I've highlighted a few times now. Talk of a 1.40-45 DNT option that I also reported adding to the range trading scenario. Currently 1.4381 after 1.4368 lows in the retreat.
EURGBP has once again looked at the 0.7880 support area after failing again into 0.7920.
Overall the pound looks undermined still with GBPCAD 1.8202 and GBPAUD back down to 1.8365 from 1.8485 highs. Intermittent yen-led GBPJPY support aside it hasn't got a lot of love in the room right now as Brexit remains clearly in focus as the 23 June referendum draws ever closer.
