Saturday, March 27, 2010
Rachel Bilson Stuff Magazine Photo Shoot
GBP/USD fell for the second week in a row accumulating a decline of 450 pips since March 17. The pair rose on Friday but failed to consolidate above 1.4900.
Cable tumbled on Thursday to a fresh 3-week low below 1.4800 and on the last trading day of the week managed to recover rising to 1.4925 but then pulled back to 1.4890.
GBP/USD managed to hold above March lows that lie at the 1.4780 zone, which is becoming a key support.