The pair closed in NY Thursday at $1.6685 after rate had recovered off an intraday low of $1.6617 (76.4% $1.6583-1.6728) to $1.6699 as equity markets gained a boost from stronger than forecast US durable goods data, then settled between $1.6680/90 into the close. Rate was trading around $1.6680 into Europe. UK Nationwide house prices at 0700GMT provides the early domestic interest, though outside influences expected from month end flows (weak dollar sell signal vs sterling), Germany retail sales, EZ flash inflation, US GDP along with the Chicago Report and the UofM this afternoon. Cable resistance remains into $1.6700, with offers seen to $1.6705 ($1.6702 Feb26 high; 76.4% $1.6728-1.6617), a break to open a move toward $1.6725/35 ahead of $1.6750.Support at the Asian lows of $1.6677, a break to allow for a deeper move toward $1.6658/48 (50%-61.8% $1.6617-99;$1.6648 pullback low in NY) ahead of $1.6636(76.4%) and $1.6617. Stronger demand seen lower down at $1.6585/80. Euro-sterling was contained in Asia between stg0.8210-0.82175 after failing to make a clear break below stg0.8200 Thursday (low stg0.8198).
