Just a heads up that at around 7am gmt tomorrow the BOE release the results from the UK bank stress tests. The UK tests have added a few extra hoops for banks to jump through, above those of the ECB tests.

There’s 8 banks up on the block;

  • Santander
  • Lloyds
  • Nationwide
  • HSBC
  • Co-op
  • Barclays
  • RBS
  • Standard Chartered

The Co-op is expected to be the one that fails (if at all)

Lloyds (25%) and RBS (80%) are still in the hands of the UK taxpayer so they should be toeing the line smartish, but are the big risk for the tests.

As type GBP/USD is back up to 1.5650 sharpish in very choppy trading at the moment.