Cable lost ground overnight in Asia, presently down at 1.6470 compared to a North American close Friday around 1.6520.
The market will have noted an article in The Telegraph at the weekend, which highlighted S&P’s warning that Britian’s national debt could quadruple unless the Government takes drastic steps to address pensions and ageing crisis.
For today supports lie at 1.6450/55 and then 1.6400/10.