Cable at 1.6615 is showing little net change overnight, having closed in North America around 1.6600.
Will be interesting to see how cable fares this morning, given yesterday’s talk of ongoing interest by an oil company to buy the pairing through next Monday between 07:00 GMT and 13:00 GMT. Amounts are said to be possibly as much as £500 million each day.
On the other side of the coin, there is also talk of decent-sized sell interest from sovereigns and Middle Eastern names said to lying from 1.6630 up to 1.6660.
UK data today:
08:30 GMT: Retail sales for September expected +0.5% m/m, +2.5% y/y.
Supports 1.6580/85 and 1.6550, resistance 1.6650.
