Published at 07:59 (GMT) 10 Feb

EURGBP

Cable vulnerable to more downside on risks of weaker than expected Industrial and Manufacturing production due at 0930GMT, and also any dovish comments from BoE Governor Mervyn King after release of BoE quarterly inflation report 1 hour later at 1030GMT. Risks that BOE King may play down any inflation hike and interest rate hike, while open door for the "just" paused QEP program and "talking down" GBP to boost exports and thus economy - "weak GBP" policy, with comments that economy will take time to heal. GBP weighed by Asian accounts, sovereign, UK clearers selling, offers at 1.5700, having dipped from highs of 1.5728 to 1.5660 earlier. Support at 1.5600, but stops below 1.5600 to open door for 9-month lows of 1.5535 again, then 1.5500 option barriers. EUR/GBP at 0.8783-85, having hit 3-week highs of 0.8818 yest on Greece bailout hope, but offers at 0.8800 now, bids at 0.8750. WL