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Cable may re-challenge recent highs at 1.6259, Commerzbank says

Date: Wednesday 20 Nov 2013

Cable may re-challenge recent highs at 1.6259, Commerzbank says

Traders are closely watching the currency markets in an attempt to anticipate when the current spell of 'range-trading' might break, with the GBP/USD near three-week highs.

The current strength in sterling is considered by some strategists to be excessive and its impact on import prices was evident in...

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