The pair closed in NY Wednesday at $1.6594 after rate had been pressed to extended lows of $1.6589 as FOMC Minutes were seen hawkish. Cable had seen highs earlier in the day of $1.6680 on reaction to the 7-2 split in the BOE MPC vote for unchanged rates with rate paring back these gains through the balance of the session. Euro-sterling held below stg0.8000 at the close (stg0.7990), having seen lows on the day of stg0.7969 on the MPC vote reaction. Cable edged back toward $1.6600 in early Asia before fresh general dollar demand reversed the move with a UK bank a stand out seller as stops through $1.6580 were targeted and triggered. This added weight took rate to $1.6564 before it settled around $1.6570 ahead of the European open. Euro-sterling consolidated between stg0.7987/96 with main action seen dollar led. UK retail sales and public borrowing data provide domestic interest at 0830GMT, preceded by flash EZPMI’s. Weekly jobless claims in the US, followed by US PMI, Phila Fed and existing housing data the afternoon interest, though main attention switching to Fed Yellen’s speech at Jackson Hole Friday. Cable support $1.6565 through to barrier at $1.6550. Resistance $1.6600
