Tacked on about 20 pips, presently at 1.6020.
09:30 GMT sees publication of the June 2011 financial stability report and accompanying press conference by Sir Merve The Swerve.
Following on from something I mentioned yesterday ie the need for a UK clearer to buy cable Monday for dividend payment purposes. I have read somewhere (not been told by market sources) that there are UK clearer cable bids lined up now down at 1.5960 to 1.5930 related to this payment. I’ll try and get verification of this as the morning progresses.
