Wednesday, August 27, 2014

Cable Remains Low And In Narrow Scope

On Tuesday Pound/Dollar decreased with almost 60 pips. The Cable depreciated from 1.6596 to 1.6537 yesterday, in line with the negative money flow sentiment at below -11%, closing the day at 1.6538. Today the British Pound descended slightly further, reaching 1.6535, than bounced.



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