Market Moving News: GBP/USD - Nov 20

20 November 2008 @ 01:34 am EDT

Gbp/usd - 1.4960...U.S. names were seen selling earlier this morning ahead of the 1.5000 lvl n cable fell to 1.4916 (absorbing some bids at 1.4920) b4 rebounding on short-covering ahead of U.K. retail sales data (expected to show a month-on-month decrease). More bids are found at 1.4890/00 with stops placed below there while on the upside, offers are lined up at 1.5040/50...

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