Cable is trading down at 1.5950 from an early 1.6000. The pairing hasn’t been helped by the latest news from Dubai (see 06:49 GMT update)
BOE interest rate decision day. Announcment due 12:00 GMT. Shouldn’t provide any fireworks. Old Lady to leave rates unchanged at 0.5% QE £200 bln.
Supports 1.5930/35, 1.5900, trailing resistance 1.5985.
