Cable sits at 1.5745, all but unchanged from North American close Monday, with Asia seeing relatively subdued trade in the pairing. Things could be about to liven up a bit with today’s Q3 GDP data due at 08;30 GMT.
Median market forecast is for +0.4% q/q, +2.4% y/y, although I have heard some appreciably higher estimates. Tricky one, especially if you’re a sterling bear.