The pair closed in NY Wednesday at $1.6335 after rate eased off earlier recovery highs of $1.6414 to a low in NY of $1.6327 as rate was dragged lower by euro-dollar slippage. However, this move lower was tempered by euro-sterling as it also tracked general euro slippage, euro-sterling touching a low in NY of stg0.7813, as it extended its corrective pullback off Sep23 highs of stg0.7889. Cable touched an early high of $1.6341 into Asian dealing before continuing the corrective easing, again tracking pressure on euro-dollar. Rate touched a low of $1.6315, recovered to $1.6335 before retesting the low, then settled above $1.6320 ahead of Europe. Euro-sterling closed in Ny at stg0.7823,edged to stg0.7829 in early Asia before marking lows at stg0.7820. UK CBI sales data due at 1000GMT and BOE Carney speaking Wales at 1240GMT provides the domestic interest today, though interest this morning to be on euro performance, switching over to the dollar into the afternoon with US weekly jobless claims and durable goods due at 1230GMT, ahead of PMI svcs/composite at 1345GMT. Cable support seen into $1.6300 ahead of $1.6285/80. Resistance $1.6340/50. Euro-sterling demand stg0.7810/00, resistance stg0.7830.
