FXstreet.com (Córdoba) - Cable plunged on Thursday across the board, extending losses during the American session. GBP/USD tumbled to 1.6018, the lowest price since July 9. In the last hour the pair moved sideways and found resistance at 1.6070. If the pair managed to recover further the next resistance lies at 1.6100 and above at 1.6165. A break below intra-day low could send the pair under 1.6000.
Cable also lost tumbled against the Swiss Franc and the Euro. GBP/CHF fell to a 4-month low and recently pulled back above 1.6500. The pair is heading toward the biggest daily loss since April. EUR/GBP broke above 0.9100 and jumped to 0.9154 posting a fresh 5-month high.