Currently 1.2590 underpinned still and looking at 1.2600
Still good two-way business to be had with offers into 1.2600 and more at 1.2620. Demand at 1.2570 and 1.2550.
I said last week that shorting FTSE 100 is a good GBPUSD short hedge, given that so much of it is USD ,and so it's proving, currently down on session/recent lows at 7249
Update: 1.2600 now breached. Next level 1.2620
Offers 1.2600 1.2620 1.2650 1.2675-80 1.2700
Bids 1.2570 1.2550 1.2520 1.2500 1.2480 1.2465 1.2450
