Periphery/German bond yield spreads stop widening and EUR/USD steadies.
Talk of ACB buying at recent lows (whatever)
We’re back at 1.3150, effectively unchanged on the day.
Joe’s here in 5 minutes. That’s my signal to disappear for a little while, can’t take anymore of this.
He can cover UK retails sales release at 08:30 GMT.
Data expected as follows:
UK retail sales ex auto fuel +0.4% m/m, +1.3% y/y w/auto fuel +0.5% m/m, +1.5% y/y
Cable sits at 1.6060, where it was when I arrived.
