FXWW News/GBP crosses

Cable: Fresh short-term lows mean bulls will have to wait another while

Nice try earlier from the cable to break above technical resistance at 1.6280/90 but the nasty move lower in EUR/NOK caught the overall market unawares and that’s had a knock-on effect on the GBP as well.

Fresh short-term lows have been printed below 1.6200 and more downside looks like the most likely short-term outcome.

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