Cable sits at 1.6315, just above 1.6290/00 support. Event risk now looms large for sterling.

Up in around 20 mins at 08:30 GMT we have August public sector net borrowing (PSNB) expected £17.6 bln and public finances (PSNCR) for August expected £14.5 bln.

We also have August M4 money supply expected +0.8% m/m, +13.8% y/y.

A bad morning for cable could be about to get even worse.