Cable has opened pretty much unchanged, presently at 1.6805 compared to a North American close Tuesday around 1.6815.
Main event, bar any surprises, will be the release of the Bank of England minutes for the November meeting. Will be interesting to see how the MPC voted re the additional £25 bln QE and whether it was unanimous. That’s due at 09;30 GMT.
Later at 11:00 GMT we have UK CBI industrial trends for October.
Technical support 1.6750, resistances 1.6830/35 and 1.6870/80. Would suspect sell stops below 1.6750 and buy stops around 1.6880 , and hopefully we can get confirmation of such later.
