FXstreet.com (CÃ³rdoba) - Cable fell from 1.6233 to 1.6180. Form there the pair rebounded and started to rise. Currently GBP/USD is testing levels above 1.6200. Pound weakness across the board continues. So far today the pair is posting a 0.10% daily loss, falling for the fifth consecutive day. Resistance above intra-day high at 1.6242 (intra-day high) lies at 1.6270.
Cable is also weaker against the Euro. EUR/GBP broke above 0.8800 and rose to 0.8816 posting a fresh two-month high. The pair is rising for the seventh consecutive day.