Mar 1, 2013
Forex: GBP/USD above 1.5150; slows down avrg vol
For a second consecutive day, Cable has taken a break during the session in Asia-Pacific, trapped inside a tiny 20 pip-range for the last six hours between 1.5160 and 1.5180, last at 1.5180, just about 10 pips above its previous opening in the region yesterday. The pair thus reduces its average daily volatility, reaching an 8-month peak between last Friday and Tuesday around 135 pips per day on average in their previous 14 trading days.
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