With most of the market meandering to a close here in the UK, it comes as no surprise that it is Cable that is bucking the trend. Cable status as the barometer for the Global recovery continues with the upbeat PMI figures pointing the pair to 1.7000, nearly 5 big figures higher than when we started out on Friday. Presently at 1.6960, the 1.7000 level looks like it could be the upside of a new 1.65/70 range.