The pair closed in NY Wednesday at $1.6211 after rate’s recovery off earlier lows of $1.6052 was given an added boost on the early release of the Survation Scottish referendum independence poll that placed the No camp with a 6 point lead over the Yes and spiked rate on to $1.6231. However, fade sellers took advantage of the rally and squeezed rate back to $1.6190 before it settled between $1.6205/15 into the close. Early consolidation in Asia saw rate trade early hours between $1.6200/10 before it edge up to mark Asian session highs of $1.6220 then backed off to $1.6187, settling around $1.6200 ahead of the European open. Euro-sterling, which had seen highs of stg0.8066 Wednesday, was pressed back down to stg0.79535 on the released poll, closed Wednesday at stg0.7968. Asia consolidation saw rate contained by stg0.7966/76, holding toward the base into Europe. A data light domestic day again though markets will be open to Scottish vote speculation and will be wary of any polls, though the next main one is the YouGov poll at the weekend for the Sunday Times. The move up in cable managed to basically retest Monday’s early recovery high at $1.6233, but the gap to Friday’s close at $1.6332 remains.
