The pound was the darling yesterday but now it’s in the bad books
Again we’re seeing lighter liquidity in trading today and the quid is on the receiving end. There’s a few things in the mix note traders, there’s some month end biz being completed, some further position squaring, and chatter of a GBPJPY sell recommendation from Morgan Stanley doing the rounds
Pound suffers in thin trading – GBPJPY driven lower by Morgan Stanley
