Cable remains heavy, presently at 1.3930. The market now waits on UK jobs report for February and release of Bank of England minutes from last MPC meet, both due at 09:30 GMT . UK jobless claims are expected to have risen 84.8k from 73.8k. The unemployment rate is expected to have risen to 6.5% from 6.3%. Some of the selling in cable this morning will no doubt have been in anticipation of bad numbers.
Technical supports now seen at 1.3900 and then 1.3865. Sources report stop-loss sell orders gathering around 1.3890.