GBP/USD
The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.
SSI: THE SPECULATIVE SENTIMENT INDEX
Last Week
1.78
Current
1.2878
Chg. Open Interest
13.5%
Outlook
Bullish
SUPPORT & RESISTANCE
GBP/USD
Slowing U.K. Mortgage Applications to Stoke Larger GBP/USD Pullback
Slowing U.K. Mortgage Applications to Stoke Larger GBP/USD Pullback
| S1 | 1.3072 | W | R3 | 1.3371 | S |
| S2 | 1.2964 | M | R2 | 1.3313 | M |
| S3 | 1.2865 | S | R1 | 1.3232 | W |
Trend
Down
Volatility
3%
NEWS
Tuesday, Aug 30, 2016 9:30 am +05:30 By David Song
Another marked slowdown in U.K. Mortgage Applications may spur a larger pullback in GBP/USD as it puts pressure on the BoE to implement additional monetary support.
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