Cable sits at 1.5500, not too far from it’s recent 1.5586 high reached yesterday.
Couple of event risks for the pairing to overcome today though.
08:30 GMT: UK jobless claims for August expected -3k; claimant count rate for August expected steady at 4.5%; ILO unemployment rate (3m to July) expected steady at 7.8%
Then later at 10:30 GMT Bank of England Governor King gives speech to the TUC in Manchester. Bet he’s looking forward to that!!! Let’s see if Merve can once again unsettle the pound. Wouldn’t be the first time.
Sean earlier mentioned sell orders clustered up around 1.5600.
