Cable heads into the weekend on a positive note, presently up at 1.4805, underpinned by better risk sentiment . Sterling, as has been mentioned on a few ocassions here, is a proxy for the health of the banking sector and financial shares have had a good week.
Technical resistance now lies at 1.4850, not far from session high 1.4845. Wouldn’t be surprised if buy-stops weren’t gathered just above the resistance level.
