The pair closed in NY Monday at $1.6241 after rate had managed to recover off its European morning lows of $1.6215 (Asia saw a low earlier of $1.6210) to a high of $1.6274 in the NY afternoon before it drifted off, finding support at $1.6240 ahead of the close. Early trade in Asia pivoted $1.6240 before it was pressed down to $1.6225 as cable took direction from an early sell off in the AUD. Recovery in the AUD saw cable rally back to a session high of $1.6268 before rate settled between $1.6255/65 ahead of Europe. Euro-sterling was confined between stg0.7805/14 through Asia, the rate resting toward the lower end ahead of Europe. UK Nationwide at 0600GMT provides the early domestic focus, followed by the final read of Q2 GDP at 0830GMT, along with the C/A balance. Last day of September will have attention turning to the fixings with sterling seen as a beneficiary of flows, especially vs the dollar and yen. EZ inflation at 0900GMT seen as the main event this morning, along with Germany retail sales and employment data at 0600GMT and 0755GMT respectively Cable resistance seen at $1.6275/85, support $1.6225/10. Euro-sterling support stg0.7805/00, resistance stg0.7829/31
