Sterling extends gains as dollar loses some ground on the day - ConsultFX

Sterling extends gains as dollar loses some ground on the day

Cable rises to a high of 1.2779 on the day ForexLive There aren't any fresh headlines driving the jump in sterling today but clearing resistance from the 200-bar MA on the 4-hourly chart @ 1.2718 was a good first step before rising above the 24 December high @ 1.2744.