 Sterling is sold off broadly today as Brexit optimism quickly turned into political turmoil. UK Prime Minister Theresa May appeared to have secured Cabinet support on her Brexit agreement with EU. But in less than 24 hours, four ministers resigned in protest, including the high profile figure in Brexit Minister Dominic Raab. That's not the end of it though. ERG chair Jacob Rees-Mogg is sending a letter to Sir Graham Brady, chair of the 1922 Committee, requesting a no confidence vote. Rees-Mogg expects 48 letters to come in to trigger the vote, though not necessarily today. And, leadership contest could happen quickly in weeks. That would definitely overlap with the scheduled EU summit for Brexit on November 25. It feels like it's just the start of another stage of problem for the Pound. Staying in the currency markets, Sterling is in no doubt the weakest one today, followed by Euro and then Dollar. Australian Dollar is the strongest one as supported by strong employment data, as well as hope for progress in US-China trade negotiations. The Aussie is followed by Yen, and then New Zealand Dollar. Technically, EUR/GBP rebound and break of 0.8773 minor resistance now suggests near term reversal and focus is back on 0.8939 resistance. GBP/JPY's break of 145.99 minor support should confirm rejection by 149.70 resistance earlier, and deeper fall should be seen back to 142.76 support. GBP/USD is also heading back to 1.2692 support. Otherwise, dollar are generally in consolidations, and we'll see how long the consolidations would extend. | 
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