Bulls have breathed a sigh of relief and bears and have said thanks for another rally-sell opportunity as GBPUSD moves from 1.2350 to 1.2550, GBPJPY 138.50 to 140.65 and EURGBP retreats to 0.8530 from 0.8635Yesterday I was castigated by one reader ( maybe more for all I know) for my referring to the move lower in GBP as being GBPJPY-led and order-flow related generally. Well surprise, surprise, I'm putting the GBP move back up to equally simple factors.Yes there is little doubt that an MPC hawk …
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