Cable down at 1.5425 from North American close Monday up around 1.5460. General risk aversion weighing on the pairing.
UK data scheduled for today:
08:30 GMT: M4 money supply for July (final)
08:30 GMT; Mortgage approvals for July expected 46.5k; net consumer credit expected flat; lending sec on dwellings expected +0.7 bln
Talk month end flows generally dollar postive, with strong negative signals for cable. We’ve also got the EUR/GBP month end demand related to UK payments to EU which tends to weigh on cable.
Against this however Sean has mentioned demand to sell AUD/buy GBP to the tune of 1.5 bln aussie lined up for the London fix at 15:00 GMT (16:00 local) Somewhat complicates matters.
Talk of buy orders clustered down at 1.5380/00, stops below there. Sell orders noted up at 1.5490/00.