It’s all going wrong for cable as the day drags on and it spills to 1.5073 from as high as 1.5163 earlier.

The pain is coming from both sides of Britain. The euro is a bit stronger today and that’s helping EUR/GBP while the US dollar is catching a bit of a lift.

In cable, there is some modest support in the 1.5060 zone but nothing to bet the house on.