Thursday, October 3, 2013

GBP/USD Forms Two Day 100 Pip Range

On Wednesday Pound/Dollar traded within 90 pip range. The Cable appreciated from 1.6161 to 1.6251 yesterday, in line with the positive money flow sentiment at around +26%, closing the day at 1.6219. 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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