Cable is managing to steady a little, presently back at 1.3810, with technical support down at 1.3740 (low 1.3743) holding earlier. I haven’t heard anything, but i’d hazard a quess there are some decent sell stops being placed just below said 1.3740.
Sterling continues to be underminned by an environment in which it looks like the UK government could end up owning all major UK banks. I’m joking, I think.
