GBPUSD just air-pocketed 100 pips – shortly after a very boring 2Y Treasury auction. The plunge from 1.47 to 1.4575 was extremely sharp and as of now it appears from desk chatter to be pre-emptive for the next polls – from ORB and YouGov – which are due at 10pm local time, or 5pm ET.
Spot plunged 100 pips…
Futures saw some sudden volume…
as the plunge began at 13:12:29 and last for about 2 minutes…
Notice that the polls and the bookies are still a long way apart… ORB and YouGiv polls due at 2200BST.
USDJPY also cratered back below 104!
Charts: bloomberg
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