The pair closed in NY Thursday at $1.6482 after rate had seen extended highs of $1.6497 (as market reacted to no accompanying statement on unemployment in forward guidance as the Bank announced unchanged rates) before easing back to $1.6453 as rate tracked euro-dollar slippage following dovish ECB Draghi comments, though this move lower was buoyed by euro-sterling extending its recent pullback lows to stg0.8230. Rate recovered through the NY afternoon to $1.6487 before easing off into the close. This corrective pullback continued into early Asia as rate eased on to $1.6472 before it slowly recovered through the session, though was held within a tight $1.6472/83 range, holding tight around $1.6480 into Europe. Goto-bi day demand for euro-yen provided buoyancy for euro-dollar, which in turn supported cable in an otherwise typical subduedpre US NFP session. Euro-sterling consolidated between stg0.8254/61 through Asia. UK IP/Mfg data due at 0930GMT to provide domestic interest though all markets will be overshadowed by the US employment report at 1330GMT. Cable demand seen placed between $1.6450/40 ahead of $1.6400. Resistance $1.6500/10 ($1.6503 61.8% $1.6605-1.6337).
