Cable has advanced to 1.6040 at writing. Some more good news on the UK housing front. House prices in England and Wales fell at their slowest annual pace in 1 1/2 years in the 3 months to May and completed sales hit a 9-month high.
The Royal Institute of Chartered Surveyors, (RICS) monthly house price balance rose to -44.1 last month, its best reading since November 2007, from -58.7 in April, much better than the median forecast of -51.0.
Technical resistances now 1.6075 and 1.6095/00.
