The pair closed in NY Friday at $1.5213, the rate recovering off a session low of $1.5165 seen as the rate saw extended lows following strong dollar demand seen at the end month fix. Rate dipped to $1.5201 into the Asian open before it picked up fresh demand that lifted it through the overnight session to a late high of $1.5225. UK manufacturing PMI data due at 0828GMT followed quickly by lending data at 0830GMT provides the early domestic interest, though overshadowing this will be knowledge that this is Governor Carney’s first day at the BOE with sights set on Thursday’s BOE MPC policy decision. However, most do not expect any change in current interest rates/QE at this first meeting, awaiting Minutes to gauge the effect the new governor will have going forward. Resistance seen into $1.5250/60, a break to open a move on toward $1.5280. Support $1.5200 ahead of $1.5180 and stronger interest at $1.5165-50. Euro-sterling was held between stg0.85515-0.8561 through the overnight session, opening Europe around stg0.8555.
