Cable spikes on UK clearer buying

Author: Pete Jackson | Category: News

Just nudged sharply up to 1.6000 on an early dawn raid by a major UK bank , but offers sitting up at 1.6000/10 are expected to make progress slow.

The move knocked the wind out of EUR/GBP’s sails revisiting Monday’s lows of 0.8123,  and turns  focus back again on the  200 day MA at 0.8108.

GBP/USD’s around 1.5989 with the cross at 0.8128