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Market Moving News: GBP/USD - Nov 14

14 Nov, 2008 @ 01:35 am ET | written by AceTrader


Gbp/usd - 1.4795...Cable attempted to re-test 1.4932 (Australian high) on short covering b4 retreating after running into offers around 1.4900/10 and traders are wary of more selling interest fm sterling bears following this week's comments fm BOE Governor Mervyn King which hinted at more aggressive rate cuts in the future. Offers have been placed further out at 1.4990/00 while bids remain at 1.4700 with stops noted below there...

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