GBP/USD down 75 pips to 1.2172

Bids:

  • 1.2149 - session low
  • 1.2132 - Oct 13 low
  • 1.2107 - Oct 11 low
  • 1.2080 - Chatter about small bids

Offers:

  • 1.2200 - offers building
  • 1.2267 - small offers
  • 1.2273 - Intraday high
  • 1.2300 - large offers

Cable had the start of a recovery going on the reversal Tuesday and rally yesterday but it's all been dashed.