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Market Moving News: GBP/USD - Jul 21

21 Jul, 2008 @ 12:11 am EST
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Gbp/usd - 1.9958...Cable has come under pressure on a FT report of a proposed plan by the U.K. Treasury to change fiscal rules to allow more borrowing (however, a Treasury spokesperson has subsequently denied the claims, labelling the article speculation). Bids at 1.9950 are in focus with stops noted below there n more buying interest (for profit taking purposes) is reported at 1.9935 with stops placed below 1.9900. Offers have been lowered to 2.0000 n 2.0020...

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