GBP/USD back down into 1.3250 as anticipated...

Sterling has slipped towards the bottom of the G10 ranks, with Cable struggling to keep sight of 1.3300 and Eur/Gbp eyeing 0.8900 after downward revisions to UK services and composite PMIs, but also amidst some re-pricing for zero or negative rates along the Short Sterling strip. However, BoE Governor Bailey may reiterate that NIRP is unlikely to happen anytime soon and MPC member Saunders rounds off this week’s heavy speaker’s schedule tomorrow.