Cable at 1.5260 is pretty much where it closed out Monday in North America. Polls suggest David Cameron and the Conservatives are on a roll. Interestingly enough leading UK bookmaker Ladbrokes still favours no party winning an overall majority i.e a hung parliament.

Latest odds this morning:

Conservative overall majority 1/1 (evens) No overall majority/hung parliament 5/6.

UK economic data scheduled today:

08:30 GMT: Mortgage approvals for March expected 50k; net lending sec on dwellings expected £1.6 bln; net consumer credit expected £0.5 bln

08:30 GMT: M4 money supply for March

08:30 GMT: Manufacturing PMI for April expected 57.5 from 57.2