The pair closed in NY Thursday at $1.6596 after rate had been pressed back from earlier highs of $1.6661, initially on reaction to the release of weaker than forecast UK services PMI (rate eased to $1.6580) before move extended to $1.6571 as rate tracked euro-dollar’s reaction to ECB Draghi’s dovish tone at Thursday’s post rate announcement press conference. Euro-sterling, which had seen extended highs of stg0.8314, was pressured back to stg0.8265, the correction providing cable some buoyancy as this rate drifted higher into the close. Cable held below $1.6600 in Asia, the early challenge repulsed and led to rate easing off to overnight lows of $1.6584 as rateconsolidated Thursday’s moves, with Asia trade subdued ahead of today’s key US NFP release (1230GMT). Euro-sterling overnight was contained within a tight range of stg0.8265/71. Halifax house price data due at 0700GMT provides early domestic interest ahead of new car registrations at 0800GMT. However, main directional influence to come from the US jobs data . Cable support seen at $1.6571 ($1.6572 50% $1.6460-1.6684), ahead of $1.6555/45 ($1.6546 61.8% $1.6460-1.6684), resistance $1.6600/10
