Cable has run into resistance just shy of 1.9566 (earlier stall point) after pushing its recovery envelope from a stop loss-fuelled six-day low of 1.9519. 1.9600 and 1.9620 are resistance levels north of 1.9566. Stops below both levels were tripped in early European trade.
1.9619 was today's Asian session base. February's GfK UK consumer confidence gauge will be disclosed at 10:30GMT. It is forecast at minus 7, unchanged from January. The UK Land Registry's January house price index ensues at 11:00GMT.
BoE Deputy Governor Rachel Lomax will deliver a speech at DeMontfort University in Leicester at 18:00GMT. Lomax voted against the 25bp UK rate hikes delivered in January and last November. An article in Monday's Telegraph touted Lomax as a possible future BoE Governor.
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