The pair closed in NY Friday at $1.7115 after rate had pulled back from intraday highs of $1.7150 to $1.7099 before recovering post London fix, and through the NY afternoon, to $1.7124. Recovery extended to $1.7133 in opening Asian trade but move quickly reversed to allow rate to drift lower through the overnight session to $1.7113, trading around $1.7115 into Europe. Euro-sterling was contained by stg0.79435-0.7950 through Asia. A light data calendar Monday with main domestic focus on UK CPI Tuesday, as well as BOE MPC Carney, Bailey, Kohn and Taylor giving testimony to the House of commons on the Financial Stability Report. Cable support remains in place at $1.7100, with further interest noted between $1.7095/85. Resistance $1.7150 ahead of strongerinterest between $1.7170/80. For the cross, support seen at stg0.7935-25 ahead of recent low at stg0.7915. Resistance stg0.7950-60 with talk of decent sized stops placed on a break above.
