FXstreet.com (Barcelona) - Cable has risen around 100 pips last hour, from 1.4841, intra-day low, to climb up above 1.4900 and reach 1.4947, intra-day high after the US Jobless and housing data.

US initial jobless claims have posted biggest drop since December 2008, a decrease of 53k to 610k in April 11 week from 663k revised claims in the previous week. Expectations were a 2k claims increases to 665k.

Currently, the pair is testing the 1.4950 resistance level after falling 0.37% along the day.

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