Cable continues to do well, presently up at 1.5345. The pairing is being underpinned by generally improved risk sentiment and by a run of good or better than expected UK surveys/data.
The overnight release of improved RICS survey/BRC data has been supplemented by better than expected industrial/manufacturing output and trade data.
The pairing has extended a fair ways and might well see some correction soon.
I wouldn’t be surprised if there were decent trailing sell stops just below 1.5300
Technical resistance meanwhile lies up at 1.5350/55.
