Toast the almonds and pistachios in a dry skillet and let cool.
Heat the honey to a temperature of 128C (measure with a sugar thermometer).
Beat the egg whites until forming stiff peaks.
Pour the hot honey onto the beaten egg whites and mix thoroughly.
Boil the sugar and glucose syrup in 1/2 cup of water until 146C is reached (measure with a sugar thermometer), pour onto the honey-egg mixture, and combine thoroughly.
Now add the nuts and cherries and mix well.
Tip the mixture onto a sugared work surface and knead thoroughly. Shape into a long rectangular slab.
Melt the chocolate over simmering water, let cool slightly and use to coat the nougat slab. Leave to set, cut into slices and serve.