Cable sits at 1.6310, effectively unchanged overnight in Asia with price action confined to a very narrow 1.6290-1.6316 range.
Lots of interesting data due later this morning:
09:30 GMT: UK CPI for February expected +0.6% m/m, +4.2% y/y, core +3.1% y/y
09:30 GMT: PSNCR for February expected -4.2 bln, PSNB +7.6 bln
11:00 GMT: CBI trends, total orders for March expected -6 from previous -8
Talk of 1.6350 barrier option interest. Stops seen through 1.6355.
