Cable’s slide from the 1.25 peak reached earlier this week is steadying but there are few signs of positive impulses on the short-term chart at the moment.

Trend momentum oscillators remain bullishly aligned for the GBP on the intraday and daily studies and are edging positive on the weekly DMI – which should help limit GBP losses at least in the near-term.

Regaining 1.2430 intraday would be a modest positive for the Pound.

Support is 1.2375.