Cable tripped small stops below 1.5000 in the wake of weaker than expected UK inflation/mortgage loan data reaching session low of 1.4987 before recovering. We’re presently at 1.5010.
Cable came under pressure early today with UK clearer, sovereign sales noted. A UK clearer has also been notable buyer of the EUR/GBP cross this morning. It’s presently up at .9005 from early .8985.
Also talk of GBP/JPY fix selling earlier, with talk of more due at the 12:00 GMT fix. The GBP/JPY cross is down at 135.60 from early 136.10.
