Cable sits at 1.6360, effectively unchanged overnight in Asia with price action confined to conservative 1.6340-1.6382 range.
Few things of interest today, latest Bank of England minutes and Budget. Well I’m probably stretching it a bit labelling the Budget interesting. Personally it always leaves me cold. Much a do about very little as far as I’m concerned. We’ll see.
09:30 GMT: Bank of England minutes
09;30 GMT: BBA loans for house purchase for February
12:30 GMT: Budget
Talk of stops through 1.6340. On topside mixture stops/sell orders clustered in 1.6410/20 area.
