Cable up at 1.6115 from around 1.6080 when I arrived, EUR/GBP down at .8672 from around .8695. .
Some focus on comments made by Merve the Swerve at the Beijing central party school. Apparently real long-term interest rates are “unsustainably low.” Go figure.
With everything going on around the globe I would think the time-frame for a BOE rate hike has been put back, if anything. But then that’s just me.
Got latest UK jobs data to look forward to at 09:30 GMT, which obviously is event risk for sterling:
Jobless claims for February seen +1.3k
Claimant count rate expected unchanged at 4.5%
Ilo unemployment 3 months to January expected unchanged 7.9%