Speaks at Lloyds
The GBPUSD traded at the lowest level since May 5th – taking out Friday’s low by 6 or so pips (1.51278 vs 1.5134). The price has rebounded off that low and has moved toward the day’s midpoint at 1.5166 (the high reached 1.5169). Over the last 2 hours the range has been confined to 20 pips in an up and down pattern. The price has remained below the days midpoint and the 200 bar MA on the 5-minute chart as well.