Tuesday, July 1, 2014

Cable Climbs Over 1.71 On Weak U.S. Data

On Monday Pound/Dollar increased significantly with 105 pips. The Cable appreciated from 1.7008 to 1.7116 yesterday, in line with the positive money flow sentiment at around +21%, closing the day at 1.7103. Today the British Pound is trading quietly, with movements within yesterday's range for the time being.



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