Cable falls to a low of 1.3025 as we begin London trade
The pound is making a quick trip lower on the day and is headed for a test of the 1.3000 handle now after breaking below overnight lows. It's all about the Brexit vote later - can be dubbed as MV 2.5 - and chances are May isn't going to win it still.
What's happening now is basically markets are pricing in the fact that the vote will fail, so take that into consideration when the fact plays out later on.
If it does, then that means the two binary outcomes in this Brexit ordeal will still be very much at play. Either a no-deal Brexit on 12 April or a long extension which could potentially lead to no Brexit at all.
