Tags Posts tagged with "GBP"


Cable moved within a sideways range for much of the day as traders focused on global events, most notably in China. Optimism improved after the Chinese Shanghai Composite rebounded 5.7%.

Cable saw another bearish session on Wednesday plummeting 0.8% and adding to losses earlier in the week. GBP/USD slid to 1.5324 where it received support on the 200-day moving average line.

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