GBP/USD eases below 1.3800 as the pound slips on the session
There isn’t much headlines driving the move but the technicals at least indicate some room to play around with at the current range for cable.
Price had fallen below the 100-hour moving average (red line) earlier @ 1.3822 and that opened up the path towards testing 1.3800 with further support now seen at the 200-hour moving average (blue line) @ 1.3783.
Looking elsewhere across the board, the dollar is also keeping firmer against commodity currencies with AUD/USD pressured near 0.7400 and USD/CAD up 0.3% to 1.2580 as oil prices are weighed lower by over 1% to $68.40 on the session.