GBP staying under pressure in early London trade

Many European financial centres are closed today but that’s not stopping London traders from hitting the GBP again on the open. Maybe its the old adage again, it’s never too late to sell sterling 🙂

GBP/AUD has fallen sharply again today and GBP/JPY has dropped sharply in the last 30 minutes of trade.

Cable looks heavy and rallies now towards 1.6765 are likely to run into heavy selling interest, although levels near 1.6650 are surely likely to attract some dip buyers.