Market Moving News: GBP/USD - Mar 12

12 March 2010 @ 01:32 am EDT

Gbp/usd - 1.5068 ... The British pound rebounded after finding support at 1.5038/40 in tandem with euro, however, offers at 1.5100 on concerns over politics, economy n UK Telegraph piece are likely to limit cable's gain. On the downside, some bids are located at 1.5040 with stops building up below 1.5000 n 1.4950.

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