Cable and sterling in general are having a better day. Cable up at 1.4930 from early 1.4860, while GBP/JPY up at 137.30 from around 136.80, EUR/GBP down at .8925 from around .8945.
Earlier news that Dubai government will support Dubai World’s debt restructuring with $9.5 bln funding will be one factor at play here, given UK banks exposure to the company.
Asian sovereign buying of cable has been noted this morning.