Cable has seen increasingly choppy trade this morning. Risk sentiment has been dented by weak European GDP data and this has weighed on cable which is presently down at 1.5165.
Some good news though. Courts in England and Wales issued 39% fewer mortgage possession orders in the three months to March than in the same period in 2008.
Seasonally adjusted figures showed there were 17,054 orders for home reposession in Q-1, down from 29,771 in the last three months of 2008, and compared with 28,068 orders in the first quarter of 2008.
Technical supports now 1.5160, 1.5135 amd 1.5110.
