The US Pending Home Sales Index rose to an impressive 94.6 in June from an upwardly revised 91.3 in May, much higher than economists predictions.
Not surprisingly Eur/Usd and Cable have both been given a small boost by the news. Eur/Usd up at 1.4425 and Cable now at 1.6955. Earlier Cable had retreated to 1.6910 again, but there is certainly something of size down there as it bounced strongly from there.