Cable has rallied back, presently at 1.6440 having earlier posted a session low 1.6392.

European stocks/ S&P futures have seen some improvment from their earlier lows and this will be helping matters.

The market now awaits July jobs data in about 8 mins. Jobless claims expected +28k, ILO unemployment 3m to July expected 7.7%, up from previous 7.6%.