Cable has been a standout in late London trading as EUR/GBP definatively tool out the 0.85 region and fell toward 0.8480. This helped launch cable higher and set off a short-covering rally in all the currencies which finds EUR/USD back at 1.4025 and Cable at 1.6490. It reached 1.6510 at its rebound peak. Rule Britannia.
GBP/USD consolidating after surge
Source: www.forexlive.com
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