Just out in the news, the UK government is considering raising the UK redundancy pay, currently capped at GBP350 for each full year of service. This would provide additional stimulus to the economy.
EURGBP has moved from 0.8700 to 0.8680 on the news with cable rallying to 1.4745 from 1.4700.
Only 20 minutes until UK Manufacturing Production (-2.9% Forecast) and PPI Input (0.5% Forecast) numbers are released at 09:30 GMT.
