• Glencore shares on track for worst ever one-day drop, down in heavy volumes after bearish Investec note 
  
  
• Investec questioned equity value for shareholders if spot metal prices do not improve and said Glencore's recent restructuring just the beginning for the mining sector
  
  
• Commodity currencies & GBP hit hard, GBP/USD deflated, retreats to 1.5200 from 1.5241 London am high
  
  
• GBP/USD is currently trading at 1.1591, below the 1.52 handle, with immediate resistance 1.5248 (50% of Apr-June rally), while support lies at 1.5163 (Sep 4 low) 
  
  
• Due ahead in the U.S. session U.S. inflation figures, Personal Income/Spending, Pending Home Sales and the Dallas Fed Manufacturing Business Index in focus for cues
  
  
• Breaks below channel bottom at 1.5158 could see the pair at 1.5130 levels