No real respite for cable, the pairing under pressure again early. We’re presently down at 1.4495. The pound is being underminned by the proximity of Wednesdays Budget Statement and Fridays Q-1 GDP data, with jobs data also on Wednesday thrown in for good measure. All seen as event risks for sterling.
Sources do however note buy orders lined up at 1.4470 down through 1.4435.
