By Rob Howard — Aug 22 - 02:50 AM
Cable rises to 1.2792 after data shows UK borrows less than expected in July
4.3 billion pounds vs 5 billion f/c. 1.2792 is highest level since August 10
Risk-sensitive pound also benefits from 3% gain for Hang Seng tech index
1.2777 was Asia high, pre-UK data (1.2788 was last week's high, August 17)
Resistance levels include 1.2800 and 1.2817/18 (August 10 high/38.2% Fibo)
Britain sees surge in interest from non-EU job hunters nL8N3A24S3
Source:
Refinitiv IFR Research/Market Commentary