Thursday, October 10, 2013

GBP/USD Ceases Declining On U.S. Hopes

On Wednesday Pound/Dollar decreased tremendously with 205 pips. The Cable depreciated from 1.6123 to 1.5914 yesterday, in line with the negative money flow sentiment at under -21%, closing the day at 1.5949. Today the British Pound declined slightly further, reaching 1.5912.



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