The general easing in the Dollar has given Cable a lift. Up from the lows of the day at 1.6220, as we hear a Clearer buying, up to the 1.6290 level now. The 1.6215/20 level now looks like decent support after halting Cable’s slide for two days now. Data has certainly been data supportive with yesterday’s higher than expected CPI data followed by today’s better Unemployment data. The spanner in the works today was the comments from the Bank of England that the rise in the pound would be bad for net trade but good for lowering inflation. Nothing we didn’t know before really, so I’d look for Sterling to once again move higher.