Cable is trading the best part of half a cent lower from where we closed out in North America Thursday, presently at 1.5905. The pairing has not been helped by the general heightened risk aversion.
A few pieces of economic data today;
06:00 GMT: Nationwide house prices for September expected +0.7% m/m, -0.3% y/y
08:30 GMT: UK PMI construction for September expected 48.1
Could get some reaction to the data, sort of numbers which move the market. But it’s unlikely to be too marked given proximity of US jobs data later in the day.
Technical support 1.5880/85 and 1.5840/50, resistance 1.5915/20 and 1.5945/55.
