Cable is soft but off earlier lows. Economists at Scotiabank analyze GBP/USD outlook. Perhaps oversold in the short run Cable price signals are reflec
Cable price signals are reflecting a tentative and perhaps only short-term base for the GBP developing on intraday chart.
Gains through 1.2200 intraday would be a minor positive for the GBP and perhaps trigger a squeeze to the 1.23 area where firmer short-term resistance should emerge. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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