Cable under heavy pressure
Risk off markets are giving the US dollar and yen a major lift.
GBP/USD is suffering as the S&P 500 falls 48 points to 2760, falling through the 200-day moving average.
Cable just ticked below the Oct 6 and is at the worst levels since the start of the month. The figure will act as support but there isn’t much else down to 1.2922.