Mon, 12 Nov 2012 15:46:33 GMT
Cable falls to 2-month low
On Monday, the Cable was traded lower versus the U.S. counterpart, hitting a 2-month low, on growing uncertainty over Greek bailout. GBP/USD hit a session low of 1.5866 and later consolidated at 1.5874, which was a 0.14% decline for the trading session. The pair's support was likely to be found at 1.5826, whereas resistance could be at 1.5943.