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Market Moving News: GBP/USD - Sep 7

07 Sep, 2008 @ 09:41 pm EST
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Gbp/usd - 1.7585...Cable also declined in NZ in tandem with euro b4 recovering but another round of cross selling (st specs were seen unloading more gbp/jpy positions) has pushed price to a fresh 2 & 1/2 year low at 1.7537. Some short-covering may take place ahead of European opening (order books are relatively thin at the moment). Offers are lined at 1.7660 while a mixture of bids n stops is likely to emerge at 1.7500...

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