Cable back to where it all began

Cable is back up at 1.6940, pretty much where it was when I first sat at my desk this morning. The pairing just doesn’t seem to want to push through 1.6900 on the downside (I know we got to 1.6892 fleetingly yesterday), but that doesn’t count.

The release of better than expected Halifax housing data, and to a much lesser extent better than expected LLoyds loss, have given the pairing some underpinning.

Next thing of interest is UK July services PMI up in about 5 mins (08:30 GMT) expected 51.8.

Also out June industrial output expected flat m/m, -11.4% y/y and manufacturing output expected -0.1% m/m, -12.1% y/y.

Technical resistances now 1.6960, 1.6980/85 and 1.7000/10.