Cable sits at 1.5360, some way from days session high of 1.5432.
Talk buy orders 1.5310 down to 1.5290 with stops seen through 1.5280. On topside sell orders noted up at 1.5440/50.
Something of interest. British Petroleum is to announce Q1 results on April 27th, a week today. Talk of company needing to convert dollar earnings into sterling for dividend purposes. Talk this will be done over next 5 trading days (inclusive today) through till next Monday. Hard to put your finger on likely amounts to be done, but rumuor is it could be upto £2 bln which would mean £400 mln a day.