Cable down in the European trading hours

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.