Cable has joined the dollar selloff despite the fact that the warning about the UK’s debt position kicked off the fresh scrutiny which has impaired the dollar. The pound traded up to 1.5884, a high from back in November of last year before taking a breather.
1.6000 barriers are the next target for the bulls to eye while resistance levels at 1.6040 and 1.6196 are the only things that jump out on the charts.
