
Extended losses to $1.9526, as rate extended its corrective pullback from earlier highs at $1.9624. Reported bids between $1.9525/20 contained the move with further buying able to lift the rate back up to $1.9540. Moves seen dictated by euro-dollar action, while euro-sterling continues to pressure up against resistance in the stg0.7975/80 area. Below $1.9525/20 and rate can slip on toward $1.9505/95. Offers $1.9570/80, more around $1.9600 with stronger interest at $1.9625/35.