Wed, 14 Nov 2012 21:05:39 GMT
Cable little changed after U.K. inflation report
On Wednesday the Cable was little changed versus the U.S. counterpart, hovering close to a 2-month low, following the BoE announcement that it raised its short-term inflation forecast. GBP/USD hit a session high of 1.5901 and later consolidated at 1.5869, which was a 0.01% decline for the European afternoon trading session.