FXstreet.com (Barcelona) - The Pound sank yesterday to a new low against the Dollar, Cornelius Luca, economist at Global Forex Trading affirms: Cable should remain under pressure, but a bounce on profit taking is likely if the BoE keeps rates unchanged. Support and resistance levels, accordng to Luca, stand as follows: Below 1.9555, strong support comes at 1.9475. This is followed by 1.9340. Initial resistance is now at 1.9660. This is followed by 1.9770.
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