Sterling certainly under pressure

Cable just dealt as low as 1.5523 and I will be a tad worried if it breaches 1.5500/10 as we may get some slippage for another 100 points or so in this market. Afraid I can’t find out who the seller is.

Meantime EUR/GBP has popped back to 0.8536

Inspite of earlier selling from Citigroup the AUD is holding fairly well at 0.9868ish and the GBP/AUD is only just above the 1.5735 low and GBP/JPY also back down to 130.45

Best in 2026

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