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Cable drifts slightly lower in early trade

By   || October 30, 2009 at 06:45 GMT
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Cable has drifted slightly lower in early trade. We’re presently at 1.6535.

Overnight saw the release of the Gfk consumer confidence survey for October, which came in at -13 from previous -16, very slightly better than median forecast of -14.  Personally I’m a UK consumer and I’m sure not confident!!

Up in about 15 mins (07:00 GMT) will be Nationwide house prices for October, expected +0.6% m/m, +1.8% y/y.

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