Cable has added to recent gains as European trading gets underway, tripped stops through 1.5600 on way to session high 1.5617. We’re presently at 1.5610. Sterling continues to bask in the afterglow of recently released economic data, which has been surprisingly robust.
Some event risk this morning though.
Merve the swerve and some of his colleagues from the Old Lady at Treasury Committee hearing – Monetary and Financial Stability. Starts 09:30 local time (08;30 GMT)