To 2.5% in February from 2.4% in November 2009, according to Bank of England survey.
Cable extending rally to 1.5000 at writing. As mentioned earlier those US custodials can be lumpy.
Meanwhile UK clearer reportedly selling the EUR/GBP cross, which is down slightly at .9100. Funnily enough there were reports yesterday of a different clearer selling the cross around same levels (ie .9110/20). Both these clearers are different from the UK clearer said to have been recently buying 6month 1.4400 cable puts. Which would kinda make sense I guess.
