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Third day of losses in cable
GBP/USD is at the lows of the day, down 63 pips to 1.3016.
Today’s decline cut through the Sept 20/23 lows at 1.3055 and the selling has been relentless since. Quarter-end flows could be the story but it won’t be clear until next week. Watch for a quick move on the London fix at 1500 GMT.
Certainly Brexit worries are an ongoing drag. The pair is down more than 200 pips since.
Watch for stops below 1.3000.
This article was originally published by Forexlive.com. Read the original article here.