The pair closed in NY Thursday at $1.6740 after rate had been pulled off its lows of $1.6686 (low seen on reaction to the ECB no change in rates as euro-sterling edged higher) as euro-dollar was spiked higher as ECB Draghi remained neutral and didn’t provide the speculated liquidity injection, the rate trading to a high of $1.6777 before it drifted off into the close. This recovery in cable was muted as euro-sterling, which had seen lows earlier in the day of stg0.8204, was pressured to a high of stg0.8287. Cable initially edged to $1.6745 where it marked session highs before it eased to $1.6728 then settled between $1.6735/40 through the balance of the session. Euro-sterlingconsolidated Thursday’s recovery between stg0.8278/85. Trade through Asia was described as subdued ahead of NFP. A light UK calendar, BOE/GfK inflation for next 12mths due at 0930GMT ahead of the key US employment report at 1330GMT. Poor weather in the US have most marking down their forecast for jobs, most also noting recent comments from Fed officials that a weak, weather related number would not change current $10bln pm tapering. Cable offers $1.6780, $1.6800 ahead of 2014 high at $1.6823. Support $1.6735/25, $1.6700 and $1.6686
