Monday, August 3, 2009
GBP/USD holds above 1.6900
After a big rally that brought the Pound to fresh 2009 highs, GBP/USD pullback finding support at 1.6910. The pair is 1.30% above today’s opening price rising for the third consecutive day. Cable has accumulated an increase of more than 550 pips since Thursday. The pair topped today at 1.6987 posting the highest price since October 21.
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