8th October, 2013
|latest forex news|
The pound slipped lower against the dollar on Tuesday, amid cautious optimism that a political deadlock in the U.S. could be resolved in time to avert a debt default.
GBP/USD hit 1.6044 during European morning trade, the session low; the pair subsequently consolidated at 1.6046, sliding 0.30%.
Cable was likely to find support at 1.6004, the low of October 10 and resistance at 1.6098, the session high.
Dollar higher vs. yen after China data