Cable firms during Asian trade

Cable sits up at 1.5262, up from a North American close Monday down around 1.5225. Risk sentiment was ok during the Asian session with Chinese stocks performing well, helping to underpin the cable pairing.

Event risk for sterling today in form of public finances data

08:30 GMT: PSNCR for June expected 16 bln, PSNB expected 13.0 bln.

M4 money supply for June expected -0.1% m/m, +2.9% y/y

Major banks mortgage approvals for June expected 52k from 51k

10:00 GMT CBI trends total orders for July expected -24 from -23. Business optimism expected 22 from 24.