- Cable extends declines to 1.5447 after US housing starts beat
- 1.5447 = 222 pips below early Europe high
- 1.5484 (pre-US data low) is now a resistance level
- Strong US data is boost for hawks advocating June/Sept FOMC rate hike
- Carney sees “very low” UK inflation in next few months
The material has been provided by InstaForex Company – www.instaforex.com