Cable has seen a fairly choppy trade so far this morning. The pairing has recovered after having come under some early pressure, presently back up at 1.5210. However stockmarkets are looking a little soft so far today and this will be helping curtail cable gains. Seems to be a growing feeling that maybe stocks have come a little too far, too fast.
With UK jobless figures for March due Wednesday, a couple of newspaper reports will have been well noted. One in The Times highlights local authority job cuts, while a report in Sundays Observer highlights a think tank’s scary unemployment prediction.
