Market Moving News: GBP/USD - Jul 3

03 July 2009 @ 12:39 am EDT

Gbp/usd - 1.6395...Cable was unable to penetrate y'day's NY low at 1.6323 as traders took profits n sterling has moved higher in line with the greenback's retreat vs other European currencies. Offers at 1.6420/30 are in focus with more selling interest tipped at 1.6490/00 (fair-size) while on the downside, a mixture of bids n stops is reported in the region of 1.6290-1.6310. U.K. PMI (services) data will be released at 08:30GMT...

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