The pair closed in NY Thursday at $1.6581, off a $1.6602 recovery high after rate had corrected off a UK retail sales react low of $1.6569. Slippage continued in Asia with rate easing off to $1.6570, but sentiment toward the dollar turned negative and allowed rate to recover to $1.6586 ahead of the European open. Euro-sterling extended its recovery off Wednesday lows of stg0.7969, to stg0.8010 in NY, with Asian trade nudging it on to stg0.8014. A very light data all around today with focus set on the Jackson Hole Symposium, especially the appearance of Fed Yellen (1400GMT). Cable resistance remains at $1.6600/10, a break to open a move toward $1.6622-36. Support remains in place from $1.6565 through to $1.6550. Euro-sterling resistance seen at stg0.8017-27ahead of Aug14 highs of stg0.8037. Support stg0.7990/85.
