Cable has given up about 15 points on the day in slow trade, presently at 1.5940. BOE minutes up in 12 minutes or so, but no fireworks expected there.
On any other day might have expected article in Daily Mail touting further QE to have resulted in appreciable sterling weakness, but hey ho it’s Christmas round the corner and most have other things on their minds.
Support 1.5920, resistance 1.5980.
I’ve just polished off my millionth satsuma.
