Cable has caught a bid in early trade, risk appetite seemingly in pretty good shape. The release of Chinese April PMI, rising to 53.5 from 52.4 in March (5th straight month of improvement), will have helped matters.
We’re presently at 1.4815. Technical resistances now lie at 1.4820/25 and 1.4850/55. Support is down at 1.4790.
