GBP/USD and FTSE may struggle for further gains

Levels above 1.7000 may prove hard to sustain for Cable in Q3 according to analysts at 4CAST. A further short-term rally followed by a downward correction is most likely, targeting the 1.6500 area. The FTSE may see limited gains but 7000 is a significant resistance level even if the all-time high of 6951 is breached. Read article >>