Market Moving News: GBP/USD - Nov 29

29 November 2009 @ 02:35 am EDT

Gbp/usd - 1.6635 ... Intra-day moves have been somewhat choppy at European opening n volume is relatively thin with U.S. markets closed for the Thanksgiving Day holiday. Risk aversion is cited as one of the reasons for the selling in euro n sterling following news that the Dubai Government has asked creditors of Dubai World for a delay in the repayment of debt worth billions of dlrs (Asian equity markets are trading in negative territory). A mixture of bids n stops is noted at 1.6590/00 while offers are seen in batches fm 1.6700 up to 1.6740...

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