GBP/USD - 1.5968.. Cable remains under pressure in Asian trading after initial euro-led brief rise to 1.6060. Intra-day decline accelerates as a wave of selling has emerged just ahead of European opening. BOE will announce its rate decision at 12:00GMT, market may be preempting any dovish comments fm King. Offers now buidling fm 1.6000/10 n all the way up to 1.6060, suggesting selling cable on rebound is the way to go. Y'day's low at 1.5938 now looks increasingly vulnerable as st specs are looking to test if good stops have been placed below there or not.
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