Stops tripped in cable through 1.6340 and we’ve been as low as 1.6312, presently at 1.6320.
Sources note aggressive buying by European names in the EUR/GBP cross. Cross up at .8685 from around .8660 when I arrived.
Not seeing/hearing any news to drive the move.
Release of latest BOE minutes up at 09:30 GMT. Will be interesting to see whether anyone else has passed over to the dark side and voted for rate hike.
Last time round Spencer Dale joined Martin Weale in calling for 25 bps hike, while Andrew Sentance upped the ante calling for 50bps.
