First appeared on eFXplus on Feb 06 - 05:00 AM
- Cable ran into resistance just shy of 1.2975 after rallying off 1.2926
- 1.2975 is the 21DMA. 1.2926 was the early Europe low nL1N20108S
- More offers expected near 1.3000 if GBP/USD extends north
- Cable slid through 1.3000 after UK service PMI miss Tuesday nL5N2002O4
- EUR/GBP down to 0.8780 after German industry orders sink nL5N2011KN
- 0.8780 is the low water-mark since Tuesday's two-week high of 0.8821
GBPUSD: Click here 
Source:
Thomson Reuters IFR Markets
