On Tuesday, Cable managed to overcome the psychological territory of 1.4000 for the first time since the Brexit referendum, mainly on the back of a weak US dollar. Focus for GBP traders now turns to the UK employment data for November. In New Zealand, the CPI data for Q4 could attract extra attention as well.
Cable emerges above 1.4000; Eyes on UK Jobs Report
The pound continued trading higher against the wounded dollar on Tuesday, even as it traded lower or unchanged against the other G10 currencies. This brought Cable above the 1.4000 psychological zone, which was reached on Monday, when the British currency outperformed all its major peers.
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