Cable under a little pressure this morning. Presently down at 1.5435 from early 1.5450. Talk Middle Eastern sovereign has been buying in recent trade. So far sell orders up at 1.5490/00 have managed to cap cable rally attempts. Talk of buy stops gathered up around 1.5505.
Data due today:
08:30 GMT; UK BBA loans for house purchase expected 38k
10:00 GMT: UK CBI distributive trades for April.
