Cable has started the new week on a slightly firmer footing, presently at 1.4960 having closed out last week down around 1.4900. The move comes despite latest polls continuing to point to a hung parliament as most likely outcome of fast approaching general election.

Data out today

08;30 GMT: Uk mortgage approvals for February expected 48.4k. Net lending sec dwellings 1.4 bln. Net consumer credit 0.4 bln. M4 money supply