FSA has no immediate comment on report that CEO Sants has quit.

EDIT: FSA CONFIRMS SANTS TO STEP DOWN IN SUMMER OF 2010.

Cable sits at 1.5575, halfway through aforementioned 65/85 buy orders.

EUR/GBP up on the day, presently at .8810 from early .8775. If I remember rightly good old Barclays Capital yesterday had an .8830 target for EUR/GBP. Not far to go now peeps.