I give you a couple of interesting articles if I may.
Firstly here is one that says that the UK VAT cut has had little or no impact on consumer spending and here is a very interesting piece on how the margin between banks funding and where they lend, is now at a 21 year high. Those bankers don’t seem to know how to get back in the public’s good books do they ?
Cable is a tad better bid at 1.6235 but in truth little is going on. The next major event in the UK is the Nationwide House Price report at 06.00 GMT tomorrow