Cable has managed to steady after the earlier sell-off posted a 1.4515 sesson low. We’re presently back up at 1.4565. Technical resistances now lie up at 1.4575/85 and then 1.4600.
Aforementioned EUR/GBP sell orders up around .9050 have so far capped the rally in the cross, which lies at .9045 at wrting. This will be helping lend cable some marginal support.
Some disappointing news on the housing front. UK’s BBA mortgage approvals for house purchase came in at 26,097 in March, down from 28,024 in February. Net mortgage lending came in at +£3.7 bln in March, down from +£3.9 bln in February.
