Sits at 1.5405 from North American close Monday up around 1.5430, EUR/GBP up at .8360 from around .8345. Latest RICS house price balance for August has weighed, showing decline to -32, the lowest read since May 2009.

Nationwide August consumer confidence rose to 61 from previous 56. But one has to wonder how long consumer confidence can hold up with UK house prices looking very vulnerable.

UK data due for release today:

08:30 GMT: CPI for August expected +0.3% m/m, +3.0% y/y, core +2.5% y/y

08:30 GMT RPI for August expected +0.3% m/m, +4.6% y/y

08:30 GMT: DCLG house prices July expected +8.4% y/y