Cable having opened about half a cent firmer from the North American close Thursday down around 1.4820 has slipped back in early European trade, presently at 1.4840.

Supports now lined up at 1.4800/05 and then more meaningfully at 1.4780/85 (1.4782 2010 low) Gotta think decent stops not far below latter level.

Not much in way of economic data today:

09;30 GMT: UK total business investment Q4 (final) expected -5.8% q/q, -24.1% y/y.

British Airways say they’re available for talks with unions, but no plans for a meeting before strike by cabin crew personnel starts tomorrow. Well ain’t that just grand. Personally I always try and fly Virgin wherever possible.