Cable has given up a little ground in early European trade, presently down at 1.4785.
This morning we have jobs data at 08:30 GMT:
UK May jobless claims expected -20k; claimant count rate expected 4.7%; ILO unemployment rate 3-mnths to April expected 8.0%.
We’ve got Merve the Swerve at the Mansion House tonight (19:45 GMT/20:45 BST), which may be a cause for some caution among sterling bulls. The head hocho at the Bank of England is not adverse to underminning the pound.
