GBPUSD - Stay Cautious, Pound at the Mercy of Headlines

GBP in the spotlight. The Pound bounced from sub-1.2000 levels to end higher on the day after PM Johnson lost his working majority in the House of Commons (following a defection) and after the opposition defeated the government 328-301 and seized parliament.

The coming hours will be crucial for the pound - watch for headlines surrounding a vote to call for a further Brexit delay, and potentially, PM Johnson calling for a snap election.