Cable sits at 1.5065, effectively unchanged from where North America closed out Thursday, while EUR/GBP is marginally firmer at .9093 from around .9078.
Article by AEP in The Telegraph entitled “Europe’s banks brace for UK debt crisis” will have been duly noted, but to be honest it offers nothing new at all.
No major data releases today.
Sell orders tipped at 1.5090/00, stops through 1.5105.
Interesting to note a couple of UK clearers have been sellers of the EUR/GBP cross up around .9110/20 in past two sessions. Guess not everyone is so down on poor old sterling.
