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GBP/USD jumps above 1.5900

FXStreet (Córdoba) - GBP/USD gained momentum during the US session and jumped above 1.5900 climbing to the highest level since last Thursday. The pair peaked at 1.5935 and remained above 1.5910.

Despite US holiday the currency market is experiment significant moves with the US dollar falling to daily lows, except against the yen, that is the worst performers so far on Tuesday.

GBP/USD gains momentum ahead of Wednesday

Tomorrow the quarterly inflation report from the Bank of England will be published and also UK employment data will be release. The day before the pair is rising almost a hundred pips, having the best day since October 15.

Cable is approaching an important resistance located around 1.5950/60; once above it could rise on top of 1.6000; above the next resistance could lie at 1.6020 (Nov 3, 5 high).

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