FXstreet.com (Córdoba) - The rally of the Dollar across the board continues while Cable weakness remains intact. GBP/USD fell to 1.6018 posting a fresh intra-day low and the lowest price since July 8. The pair has fallen more than a 130 pips during the American session. In case the support at the 1.6020 area does not hold the next level to watch is at 1.5980.
The FastBrokers Research Team afirms: Investors shouldn't overlook the encouraging decline in today's weekly Unemployment Claims release. We maintain our negative outlook on the GBP/USD trend-wise, though 1.60 and July 2008 lows should serve as reliable immediate-term supports should they be tested.