The pair closed in NY Wednesday at $1.6537 after rate was shoved down to $1.6508, from around $1.6650 as markets bought dollars on reaction to Fed Yellen’s hawkish comments at last night’s FOMC press conference. Trade in Asia consolidated this move with trade restricted to a range of $1.6531/47. UK CBI trends provides the morning’s data interest at 1100GMT, with trade expected to continue to be driven by FOMC fall out, with the Ukraine situation still bubbling away in the background. US jobless claims at 1230GMT, Phila Fed and housing data at 1400GMT to provide the afternoon interest. Support remains at $1.6510/00, a break to open a deeper move toward $1.6480. Resistance $1.6550 ahead of $1.6580 and $1.6595/1.6600. Euro-sterling consolidated its corrective pullback away from stg0.8400, with traded in Asia contained within a range of stg0.83545-0.8365.
