GBPUSD violate supports in this morning trades. Cable, GBPUSD rose mildly to 1.6326 having traded lower on Asian session. The ground caved in on cable, GBPUSD as market made u-turn as day unfolds. Is this a sign of what lies ahead? On Frankfurt open at 0600, the cable, GBPUSD rose mildly to 1.6326 from 1.6290 […]
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Forex market traders actively trade the GBPUSD currency pair, because it’s one of the major currency pairs with high liquidity. Traders who understand both economies often trade this pair for profitability. Most traders often refer to it as “Cable.” It represents the exchange rate between the British pound, GBP and the United States dollar, USD.
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