Cable has ticked up to 1.5135 at writing. Encouraging UK data out overnight will be lending support.
RICS survey showed the house price balance at its highest since January 2008. A net 59.9% of correspondants saw house price falls in February through April compared to 72.1% in the previous survey.
BRC retail sales monitor for April showed the strongest rate of growth in 3 years, with like for like sales up 4.6% on the year and total sales up 6.3%.
As I’m writing cable has extended the rally to 1.5150. Technical resistances now at 1.5175 and 1.5200.
