FXstreet.com (Córdoba) - Cable strengthen across the board in the last hours. GBP/USD continues rising after falling to a 4-month low at 1.5710. The pair is testing the 1.5900 zone and if it rises further it could face resistance at 1.5930. The Pound is accumulating an increase almost a hundred pips since the beginning of the American session. Currently it trades at 1.5894/96, 0.57% above today's opening price action.
The ecPulse.com analysis team affirms: The pound-dollar pair showed an incline on the daily and 4-charts. The U.K. released its CPI for September today, coming in at its lowest level in 5 years and raising deflation risks. The pound tumbled after news, then strengthened again.