Large Swiss bank continues to sell GBP/CHF with gay abandon, the cross presently down at 1.5550. Quite a drop from 1.5683 when I got in. The worse than expected UK PSNB figures for August won’t be helping sterling’s cause any.
Cable down at 1.5515, close to session low 1.5505. As mentioned stops noted through 1.5480.
UPDATE: Just getting report Asian sovereign on the bid in cable. This is not the first time today I’ve gotten reports of Asian sovereign buying in the pairing. It’s lent support in earlier forays, but not lasting support. We’re presently at 1.5508.
