Cable has given up a quick quarter of a cent or so as European trading gets underway, presently down at 1.5797.
Sterling continues to reel in the wake of yesterdays rather shocking growth data. Talk of stops clustered now through 1.5740. Sell orders noted up at 1.5840/60.
Focus now on latest Bank of England minutes due at 09:30 GMT. Really can’t see the Old Lady doing anything regarding rates for the foreseeable future (ie next 6 months)
