Cable has ticked a little higher in orderly early European trade, presently at 1.5970. Talk of sell orders up at 1.5995/00 with stops probably parked not far north of there, although i haven’t confirmation of that as yet.
Data due at 09:30 GMT: December PPI. Input prices expected -0.2% m/m, +6.5% y/y. Output prices +0.2% m/m, +3.1% y/y. Core +0.1% m/m, +1.9% y/y.