Cable having opened lower in London, has come under renewed selling pressure early and is present;ly down around 1.8120. The greenback is seeing good across the board strength, although it has to be said USD/JPY is lagging the move. U.K. Chancellor Darling is to make a statement regarding Bradford & Bingley in about half an hour (8.00 GMT), when he will announce the troubled mortgage lender is to be nationalised. Rumours circulate that Bco Santander is to take Bradford & Bingley’s deposit book and branch network and role into their Abbey bank operation. The Government will take on B&B’s approxiametely £50 billion liabilities, the bulk of which is its rather dodgy mortgage book.