GBP/USD: Elicits Support sub-1.9300 After NFP-Fuelled Slump

Cable has elicited support below 1.9300 following its NFP-fuelled slump to six-week lows. Some of that support is believed to be profit-take interest re: short positions. GBP/USD was trading just shy of 1.9435 (Dec 18 base) as recently as the hour ending 08:00GMT. On Wednesday, sterling scaled a four-week peak of 1.9752.