GBP/USD H1 ; Cable




GBP/USD – current rate 1.5113

S1 1.5087              R1 1.5187

Trend – Down

Prev Close: 1.5123

The biggest drag on the FTSE 100 remains commodities and yesterday the Bloomberg commodity index reached new lows. This trend is expected to continue as whilst supply for most commodities is exceeding demand, suppliers are willing to fight for market share by offering discounts, alongside the USD remaining strong.