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GBP selling cycle resumes here: combo of...>

STERLING
STERLING: GBP selling cycle resumes here: combo of slightly firming greenback,
unimpressive retail sales and steady-as-she-goes BoE seemingly largely behind
the move with the Queen's Speech this morning (outlining government's
parliamentary intentions) providing nothing surprising. Volumes still look light
here, with GBP futs well below the average you'd expect to see at this time of
day - around 1/3rd of daily average now crossed.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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