News

Gbp/usd - 1.8659 ... Although the British pound jumped to an intra-day high of 1.8708 shortly after the release of surprisingly strg U.K. retail sales data (0.8% m/m n 2.1% y/y vs forecast of -0.3% m/m n 1.7% y/y resp.), however, cable ran into heavy offers there n has retreated. At the moment, selling interest fm Eastern European names remains at 1.8680 n 1.8700-10 (for protection of stops abv 1.8725/30) whilst on the downside, mixture of bids n stops is located at 1.8620-30 n 1.8560-70...