Cable hits session high as dollar slumps further amid risk-on mood

GBP/USD is up by over 100 pips on the day
ForexLive
The dollar is continuing to weaken across the board and that is leading to cable running to hit a session high of 1.2340 on the day now. Notably, cable is testing key near-term levels at around 1.2319-28 from the key hourly moving averages.