Cable down at 1.6015 from a North American close Friday up around 1.6030.
Weekends’ unpleasantness in London has been duly noted abroad and had little or no real effect. From what I saw on the telly, the violence/misbehaviour didn’t seem overly bad.
Market will have noted interview given by Adam Posen in The Guardian, where he outlines his dovish monetary case. Poor chap is having sleepless nights because of his call for more QE. Someone should go tell him he’s right.
Buy orders now seen 1.5980/00, stops below there and more through 1.5950.
