Wed, 05 Nov 2014 08:12:18 GMT
GBP/USD falls below 1.60
"Investors have locked in a Republican majority in the Senate and House. The question is how dominant is that going to be."- BMO Capiral Markets (based on CNBC)Pair's OutlookIt seems that resistance around 1.6031 used to be strong enough to calm down the bullish pressure, as the British currency declined below the major level at 1.60. The next significant support