Data risk event of the morning approaches at 09.30 GMT
Expectations are for 54.5 vs 53.3 prev and we also have Composite which is expected at 53.6 vs 53.3 prev
GBPUSD has immediate support between 1.5380-1.5400 with more into 1.5350 which held yesterday. Offers at 1.5450 then 1.5480 with the key 1.5500-10 a threat if the number comes in much better than expected
Softer euro sentiment is putting the skids under EURGBP which in turn is helping cable find support.
EURGBP is holding 0.7080 for the moment but a decent number will see 0.7050-55 tested. Offers into 0.7100-10 then 0.7125-30 if a softer reading comes in
We don't have long to wait to find out
