Cable sits at 1.4560, not too far from the session low 1.4539, struggling to mount a meaningful rally.
Sterling has been knocked back today, underminned by the proximity of various important data releases this week (retail sales, jobs data, Q-1 GDP etc), and Wednesdays Budget Statement. These are all seen as event risks for sterling.
Technical supports 1.4530/35 and 1.4500, resistance 1.4590 and 1.4615.
