Cable is seeing very active trade so far this morning, not overly surprising I guess given proximity of todays Budget Statement, BOE minutes and the latest jobs data.
There is obvious caution ahead of the budget speech, as the market focuses in on huge Government borrowing and diminishing growth prospects.
Sources report good interest to sell the GBP/JPY cross, which is down at 143.05 from an opening in Europe around 143.70.
Technical supports now lie at 1.4550 and 1.4535.
One additional interesting point; I earlier heard from one source that there was buy interest lined up all the way down from 1.4600 through 1.4525.