Cable down in the European trading hours

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Source: Forexpros

On Wednesday, the British Pound depreciated versus the U.S. Dollar in the European trading session. GBP/USD was traded at 1.6167 at 6:50 a.m. London time, which was a 0.13% decline for the session. The pair's support was likely to be found at 1.6150, a day low, while resistance was prone to be a 1.6310, a Friday's high.

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Wed, 26 Sep 2012 10:26:25 GMT

Biggest banks in Australia split in their prediction about RBA's rate in October

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