The pair closed in NY Thursday at $1.6118 after rate had corrected back from extended highs of $1.6226 to a late NY low of $1.6104 as the dollar recouped earlier losses. Rate settled around $1.6120 into the close. Early Asia saw rate consolidate between $1.6116/21 before nudging up to $1.6135 then settled back around $1.6120 ahead of Europe. Euro-sterling’s correction away from recent highs of stg0.7895/0.7900 extended to stg0.7856 in early NY Thursday before it recovered to stg0.7875 into the close. Rate consolidated between stg0.7870/0.78815 through Asia, trading around stg0.7877 into Europe. UK trade data at 0830GMT provides the domestic data focus, along with construction output with main attention through the NY session seen on speakers. Equityperformance and UST yields to provide main directional impetus. Cable resistance seen from $1.6135 through to $1.6150, a break to open a move toward $1.6165 ahead of $1.6180. Support $1.6105/00 ahead of $1.6080. Euro-sterling offers remain at stg0.7895/0.7900, with any move above likely to attract further headwind sales from medium term traders betting on the monetary policy divergence. Support stg0.7855/50
