That is the lead in this UK Telegraph story and it must be taken into account that this particular newspaper is not pro-Gordon Brown. Nevertheless it will have some impact on the pound if business leaders come out forcefully against the proposed legislation which will be introduced later today in the UK in the form of a new Financial Services Bill.
I’m cutting 2/3 of my cable long position just in case the market is overly bored with nothing to focus on and decides to have-a-go at the cable in the next 8 to 10 hours.
