Darling wanted tougher PBR, but was “overruled by Gordon Brown”

Alistair Brown was overruled by Gordon Brown when the Chancellor demanded stronger action in the pre-Budget report to tackle the deficit, according to reports.

Oh dear oh dear, what a complete shambles.

Cable has slipped back slightly in sluggish early trade, presently at 1.6290. Talk of buy orders down at 1.6260, stops on move through 1.6250. Roll on Christmas!!