The pair closed in NY Tuesday at $1.6121 after rate had been pulled lower through the day to $1.6110 on the back of deeper euro-dollar slippage, with euro-sterling diverting some of this pressure as it extended its recent corrective pullback to stg0.7878 (closed NY stg0.7886). Cable came under fresh sell pressure into Asia with rate extending recent lows to $1.6107 before move met decent demand which allowed rate to take advantage of general dollar weakening which took rate up to an eventual session high of $1.6129 ahead of the European open. Rate was last trading around $1.6126. Euro-sterling consolidated between stg0.7887/92 with dollar plays the main interest through Asia. BOE MPC Minutes, from the Oct7/8 meeting, due at 0830GMT in another wise general data light morning, though interest into the afternoon will shift to the release of US CPI, with inflation seen by many as taking prominence over jobs data in regard to future Fed action. Cable resistance seen into $1.6150 ($1.6147-56 50%-61.8% $1.6186-07), a break to open a move on toward recent high at $1.6186, with offers noted from here through to $1.6200. Support remains into $1.6100, a break to open a deeper move toward $1.6080(Oct20 low).
