Cable’s presently down at 1.6712 having earlier posted a session high 1.6727.
Market now awaits Q3 GDP revision in about quarter of an hour. Expectations have risen this morning. Yesterday feeling was that we’d probably see a slight improvement with -0.3% the median forecast. Now we’ve had a lot of talk this morning of an improvement to -0.1%. Danger of course is that the market is opening itself up to disappointment. We’ll see.
