Mon, 10 Sep 2012 13:33:43 GMT
Cable lower in cautious trade
On Monday, the Cable pushed lower
versus the U.S. Dollar, as investor's sentiment was driven by
expectations of Fed stimulus and upcoming German court ruling.
GBP/USD hit a daily-low of 1.5974, and subsequently consolidated at
1.5976, which was a 0.20% fall for the European afternoon trading
session. The support was prone to be at 1.5921, while resistance was
likely to be at 1.6077.