Market Moving News: GBP/USD - Nov 15

15 November 2009 @ 02:35 am EDT

Gbp/usd - 1.6562 ... Cable has retreated fm Asian high at 1.6627 on the back of cross selling in sterling as y'day's comments fm BoE Governor Mervyn King (regarding the benefits of a weaker pound on the U.K. economy) continue to weigh on price. Fresh offers are lined up fm 1.6630 up to 1.6670 with stops tipped further out at 1.6700. On the downside, bids (for profit taking purposes) are reported at 1.6500/10 with stops placed below there...

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