Cable struggling to mount meaningful rally

Cable sits at 1.4820, not far from 1.4789 session low, struggling to mount a meaningful rally after it’s early slump.

Technical supports come at 1.4785, 1.4770 and then 1.4750, resistances up at 1.4850 and 1.4880/85.

Given sterling’s status as a proxy for the health of global banking/financial sector, the market will be awaiting the release of Citibank’s results. They’re due at 10:30 GMT and analysts expect loss of 32 cents a share.