The British pound moved higher vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.9930 level and was supported around the $1.9810 level. Technically, todayâ€™s intraday high was right around the 61.8% retracement of the move from $1.9170 to $2.1160. CBIâ€™s monthly distributive trades survey saw 39% of companies report higher sales in the first half of January for a rounded balance of +4, more-than-expected. Also, Land Registry house prices for December in England and Wales were off 0.4% m/m. Cable bids are cited around the US$ 1.9640/ 1.9260 levels. The euro weakened vis-Ã -vis the British pound as the single currency tested bids around the ₤0.7415 level and was capped around the ₤0.7455 level.
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