Cable lower on European finance ministers meeting

Note: This section contains information in English only.
Source: Forexpros

On Monday, the Cable declined to a 3-day low versus the U.S. counterpart, as investors eyed an upcoming meeting of finance ministers in Luxemburg. GBP/USD hit a session low of 1.6072, and consolidated at 1.6078, which was a 0.33% decrease. The support was likely to be at 1.5992, while the resistance at 1.6175.

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