Tuesday, April 29, 2014

Cable Renews Uptrend Before GDP Data

On Monday Pound/Dollar increased with 80 pips. The Cable appreciated from 1.6776 to 1.6858 yesterday, in line with the positive money flow sentiment at over +15%, closing the day at 1.6806. Today the British Pound is trading quietly, with movements at the upper half of yesterday's range for the time being.



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