NEWS / Foreign Exchange

The cable reaches 15-years record against the dollar

The cableis the big winner after the whole speculations about the world economicsituation, interest rates politic and G-7 meeting in Washington. The cable wastrading during the afternoon European session at 1.9940 a record high levelagainst the dollar for the last almost 15-years. The cable will break thepsychological level of 2.0000 in the coming few days. The speculations make theBritish pound the prefer currency for the traders and investors. The cable isstable and attracts the investors who fast to sell dollars and yens. Thetrading continues according to our scenario by the recent weeks with targetabove 2.0000. Hold your long-position is our recommendation.