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Market Moving News: GBP/USD - Jul 24

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24 July 2008 @ 12:45 am EST
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Gbp/usd - 1.9979...Although cable has continued to move sideways after the retreat fm 2.0032 (y'day's high) to 1.9961, bids at 1.9950 n 1.9920/30 are likely to underpin sterling ahead of the retail sales data at 08:30GMT. Offers are reported fm 2.0020 up to 2.0050 with some traders dismissing y'day's rate hike vote by Besley as unsuitable given the weak U.K. housing market...

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