Market Moving News: GBP/USD - Nov 2

02 November 2009 @ 12:35 am EDT

Gbp/usd - 1.6565 ... Y'day's rally to 1.6605 was attributed to the rise in European n U.S. equity markets n also the release of stronger-than-expected U.S. GDP data, which led st specs to push eur/gbp to a 5-week low of 0.8912. Cable has eased fm y'day's N.Y. high at 1.6605 due to profit taking n minor consolidation is seen in Asia. Buying interest is tipped at 1.6500 with stops likely to emerge below there while offers are lined up at 1.6600...

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