The pair closed in NY Wednesday at $1.6287 after rate had been lifted to intraday highs of $1.6331 on the back of general dollar sales into the Thanksgiving holiday/end month. Rate did pullback to $1.6258 during the NY afternoon before picking up fresh demand that took it back to $1.6290 ahead of the close. Rate eased to $1.6277 in early Asia before picking up fresh demand with risk getting a boost on the back of better than expected Australian CAPEX data. Cable stepped its way up to $1.6329 only to meet reinstated sell interest at the $1.6330 level. A pre Europe cover back saw rate ease to $1.6314 but dips continue to pick up demand. Rate seen opening Europe around $1.6320. US Thanksgiving holiday today expected to make for subdued markets into the afternoon session. Little domestic UK data, Lloyds business barometer 0930GMTthe stand out interest, with BOE Carney due to speak at 1030GMT at the Financial Stability Report press conference. Sterling remains buoyant into Europe, a break of $1.6330/31 to open a move on toward $1.6350 ahead of the 2013 high at $1.6381 (Feb1). Support $1.6260/50. Euro-sterling broke Wednesday’s lows of stg0.8330, extend to stg0.8322, with rate holding below stg0.8330 into Europe.
