EURO-DOLLAR: Moves back above $1.2900, after getting pressed back to $1.2890 area. Rate currently trades around $1.2905. Resistance seen toward $1.2930.
Jul 26 / 04:50 EDT
CABLE: Recovery off pullback lows around $1.5445 seen challenging reported resistance at $1.5480. Offers seen placed toward $1.5490, a break of which will expose the earlier high at $1.5502. Offers noted from $1.5502 through to $1.5510, a break to allow for a move toward $1.5520/25. Stops noted above, which if triggered to move focus onto the reported barrier level at $1.5550. Larger stops seen above here, though any triggering will bring the 200 day m/a into play at $1.5561.
Jul 26 / 04:44 EDT
EURO-STERLING: Squeezes down to stg0.83395 and retains a heavy tone, as cable remains more buoyant than euro-dollar in the recent corrective pullback. Further demand in the cross seen toward stg0.8320 with talk that stops are building below.
Jul 26 / 04:39 EDT
BOE: The BOE comments from from teh publication of the Asset Purchase facility report for the second quarter.
Jul 26 / 04:38 EDT
UK: BOE; UK corp debt market conditions slightly worse in Q2 than in Q1 - Mkt contacts; Some firms delaying bond issuance due market conditions - Total amount sterling CP outstanding broadly stable - BOE says has no use of secured CP facility
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