Cable has given back a chunk of yesterday’s gains, down about a full cent from recent high, presently at 1.5290.
Some event risk for sterling today in form of February public finances data. Will also be interesting to see mortgage approvals given the recent slowdown in the UK housing sector.
Release calender as follows:
09:30 GMT: UK major bank mortgage approvals for February expected 54k
09:30 GMT: PSNB for February expected 14 bln; PSNCR expected 11.0 bln
09:30 GMT: M4 money supppply for February expected +0.8% m/m
11:00 GMT: UK CBI industrial trends for March
09:30 GMT: UK