Cable has slipped back slightly in early European trade, presently at 1.6150 from early 1.6175.
Economic data due today:
09:00 GMT: UK November car production data from the SMMT
09:30 GMT: PSNCR for November expected 17.3 bln, PSNB expected 23.0 bln
09:30 GMT: Mortgage approvals for November expected 64k from previous 61k
09:30 GMT: Total business investment Q3 expected -3.0% q/q, -21.7% y/y
09:30 GMT: CML mortgage lending data, BOE trends in lending data
09:30 GMT: M4 money supply for November (prov) expected +0.6% m/m, +10.0% y/y
