The pair closed in NY Friday at $1.5198 after recovering from a session low of $1.5140, with much expected end month euro-sterling demand failing to materialise with main interest seen from a UK clearer selling. Rate touched an early high of $1.5220 into opening Monday trade, only to ease back to $1.5193 as the main Asian centres began to open. Fresh demand emerged into the dip, rate taking direction from a recovering euro-dollar while the cross was contained within a tight stg0.85455/51 range, allowing cable to edge up to $1.5224 before it settled between $1.5205/20 through the Asian afternoon. UK manufacturing PMI at 0828GMT, to provide the main domestic interest on the day. Cable offers seen into $1.5220 with stronger interest noted at $1.5240/50. Support $1.5195/90, more into $1.5180 with stops below. Further demand seen at $1.5160 (76.4% $1.5140-1.5224) ahead of Friday’s low at $1.5140.
