Cable trying to shake off its funk - FXBeat

By FXstreet.com | August 04, 2014 AAA

FXStreet (Łódź) - Jamie Coleman comments on FXBeat that the GBP/USD has been rising to new session highs on Monday in the low 1.6840s.

Key quotes



"Offers are eyed in the 2.6855/60 region near-term."



"Heavy covering of EUR/GBP shorts has weighed heavily on the Cable but the cross has finally found some supply in the 0.7950/85 area which has given GBP/USD a lift."



"Heavy offers are seen on rebounds to the 1.6885/95 region near-term, traders say."



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