Cable sits presently at 1.5790, pretty much where it closed out Monday in North America. The pairing continues to struggle to hold ground North of 1.5800.
The pairing got a filip from the overnight release of decent housing data and managed a 1.5825 Asian session high before falling back. UK RICS data for September showed those reporting price gains outnumbering those reporting declines by 22%, the largest margin since May 2007.
Elsewhere, BRC like for like retail sales for September came in at +2.8% y/y, total sales +4.9%.
Data due today:
08:30 GMT: CPI for September expected +0.3% m/m, +1.3% y/y
08:30 GMT: DCLG house prices for August expected -4.9% from previoous -8.3%
Technical supports 1.5760/65 and 1.5725/30, resistances 1.5820/25 and 1.5850/60.
