UK PM Cameron is taking questions from members of the public in Coventry, according to Bloomberg.

He says monetary policy cannot be made any looser. (Isn’t that the remit of the independent BOE?).

Cable is at the low of the day, sliding after making a run at 1.6350 barriers earlier in the day.

Hourly support at 1.6235/40 is being broken as we write. More is at 1.6215.