Down from 57.1 in March, weaker than median forecast of 55.7.
The general talk of a “weak” number was right on the ball yet again, although the specific rumour of 55.4 proved optimistic.
Cable down. As mentioned earlier this morning stops through 1.6450 and 1.6430. We’re presently at 1.6475 having been as low as 1.6456 post release.
