Cable struggles to start the week
The pound is under pressure once again today and is the G10 laggard. EUR/GBP is fighting to get back above 0.9000 while cable is nearing 1.2500.
Cable tried to push to the upside earlier and hit 1.2582 but reversed down to 1.2524 and is just off the lows. The pound had been on a three-day winning streak coming into the day but that’s in the course of a longer-term slide.