GBP/USD drops sub-1.55

Cable is under pressure in the early European session
Nothing specific on the newswires, it rather seems like general USD strength
The weak Chinese PMI print has hit risk sentiment; most APAC equities finished the day in the red
The next level to watch in Cable is 1.5450, as well as the lower channel support
No major UK data releases today, but US data in the afternoon could have some impact