The pair closed Monday’s US/UK holiday thinned market at $1.5105 after rate had pulled back from earlier highs of $1.5156 to $1.5087 before recovering into the close. This recovery extended to $1.5112 into early Asian trade before rate dropped back below $1.5100 as the dollar gained a general boost from a strong recovery in dollar-yen. Cable sank to a low of $1.5064 before picking up demand, recovered to an initial high of $1.5110 before nudging on to $1.5115 into early European trade. Moves through Asia tracked euro-dollar, which in turn was led by dollar-yen, while euro- sterling was confined to a tight stg0.8548/60 range. A light domestic data calendar, BOE Haldane to speak is due to speak in Frankfurt at at 0930GMT, BOE Tucker in London at 1700GMT. Support remains in place at $1.5064, with further interest seen extending toward $1.5050 with stops below, a break to expose recent lows at $1.5014, with bids noted from this level through to barrier interest at $1.5000. Resistance $1.5115/20, $1.5130/35 ahead of $1.5150/60. Euro-sterling offers remain into stg0.8600, with further interest seen to stg0.8635. Support stg0.8545/35.
