Cable is doing well, presently up at 1.4005, recovering nicely from the post jobs release low of 1.3848. It’s however all about USD weakness rather than sterling strength, with the EUR/GBP cross up at .9400, not far from the 9415 session high. Still much talk that the cross is headed to .9500 in the short-term.
Technical resistance for cable now seen at 1.4020.
