GBP finds some life
Her Majesty’s quid took an awful battering last week on a rather dovish MPC. Matters were compounded when the strong NFP came out. 1.50 was the big number to watch and we held up around 20/25 pips above late on Friday. From there we’ve had a steady climb higher, in big part due to action in GBP crosses (as pointed out earlier in the comments). GBPJPY has been up over 250 pips since the lows on Friday