Cable is ticking higher in early European trade, continuing yesterday’s impressive rally. We’re presently up at 1.6100.
Resistances now come at 1.6120/25, 1.6150 and 1.6175, support 1.6050/55.
Couple of pieces of economic data:
07:00 GMT: UK Nationwide house prices for December expected +0.3% m/m, +5.6% y/y
09:30 GMT: Q4 BOE credit conditions survey.
FTSE set to open higher this morning.
