Cable is back in the buy zone that central banks have been using over the last 24 hours or so near the 1.5400 level. India, China and other CBs have been rumored dip buyers the last few mornings around present levels. We dipped as low as 1.5392 yesterday morning after King’s QE comments, so expect stops to be clustered not far below those levels.

Just crossing the tape is the UK Tory Party’s three-stage deficit reduction plan. Thanks for the link, Lil!