GBP/USD touches a low of 1.3202 on the day
That's the lowest level since November last year. The risk-off tone is continuing into the European session with the euro and sterling weighed lower alongside other major currencies - being offered against the dollar, swissie, and yen.
GBP/USD is now running into bids at the 1.3200 figure level, but a daily close below here opens up a slippery slope for the pair with next key support levels only sitting near 1.3050 from the October to November lows.
It's been a very straightforward case of risk-off moves so far today and the session is only just beginning. If US trading is to see further follow through, things could get real ugly, real fast today.
