Cable nears 1% drop as sellers pressure the 1.2500 level

GBP/USD threatens a break below the 100-hour moving average and the 1.2500 level as the dollar keeps firmer on the day
ForexLive
The dollar momentum today is driving a key near-term move in cable as we see price fall back under 1.2600 and towards a test of the 100-hour MA (red line) and the 1.2500 level.