Sits at 1.6480, pretty much where it closed out Tuesday in North America.
UK data due today:
Halifax house prices for April expected +0.1% m/m, -3.0% y/y
06:00 GMT: Nationwide house prices for April expected +0.1% m/m, -0.7% y/y (why such a big difference y/y from Halifax data?)
08:30 GMT: Construction PMI for April expected 55.9 from previous 56.4
08:30 GMT: Mortgage approvals for March expected 48k from previous 47k
08:30 GMT: Net consumer credit for March expected 0.6 bln; net lending sec on dwellings for March expected 1.3 bln
08:30 GMT: M4 money supply for March
Probably some sell stops gathered close below 1.6450, but no confirmation of such as yet. Sell orders clustered 1.6500/20.
