Trading is quiet but some small stops were just tripped in cable, sending it to a US low of 1.6605. Gold also hit an air pocket in a $5 fall and is at $1284.

GBP/USD rose as high as 1.6644 in European trading but has been trending lower since the soft UK manufacturing PMI.

There isn’t much demand until the intraday low at 1.6586 and 1.6580.

These could just be tremors ahead of an earthquake as liquidity thins to nearly nothing in the next 3-4 hours.