Cable Steadies As Descending Fades

1:30 AM No Comments

On Wednesday Pound/Dollar increased with 70 pips. The Cable depreciated from 1.6535 to 1.6606 yesterday, in line with the positive money flow sentiment at over +7%, closing the day at 1.6574. Today the British Pound is trading quietly, with movements at the upper end of yesterday's range for the time being.



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