Bad morning for sterling.
Well there were most certainly sell stops below 1.5800, as suspected. Sources also mention further stops triggered on break of 1.5770. We’re presently down at 1.5745, having been as low as 1.5729. Technical support of note now at 1.5720/25.
EUR/GBP up at 9330 30 from early .9285. Talk of stops triggered just above .9300 and just above .9310, take your pick.
The prospect of very low UK interest rates for the foreseeable and further quantitative easing among factors weighing on sterling. Obviously terrible public finances high on the list of negatives.