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Market Moving News: GBP/USD - Apr 18

18 Apr, 2008 @ 01:50 pm EST
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Gbp/usd - 1.9955 ... The British pound rebounded after brief drop to around 1.9882/85, however, renewed selling interest by European n U.S. names at 1.9980 n 2.0000 limited cable's upside with stops only emerging abv 2.0000. On the downside, bids are noted at 1.9925 n 1.9885/90 with stops seen below 1.9880, 1.9850 n 1.9800.

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