The pair closed in NY Monday at $1.6510 after rate had eased away from session highs of $1.6532 to $1.6490. Rate eased in opening Asian trade with early trade contained within a $1.6485/00 range before slipping to $1.6477 into the Asian afternoon, trading back above $1.6480 into Europe. Japan markets closed today, reopening next Monday Jan6, made for subdued markets through the overnight session, which had already been thinned by the upcoming New Year holiday Wednesday. Euro-sterling was contained through Asia between stg0.8361/73, the rate respecting Monday’s high (at stg0.8373). Tech traders say that daily cable studies remain constructive into 2014 though trade into the end of this year sees cable meeting a counter due to ‘usual’ end month euro-sterlingdemand. End month flows expected to provide some drive with markets thinned by the afore mentioned holidays. Barclays end month model suggests we should see ‘weak dollar sales’ at today’s fixings. Cable offers $1.6530/35 ahead of $1.6550/55 and $1.6575/80. Support $1.6480/75 ahead of $1.6460/50. Euro-sterling offers remain in place at stg0.8370/75 ahead of stg0.8390/00. Support stg0.8350.
