Market Moving News: GBP/USD - Jul 29

29 July 2010 @ 07:37 am EDT

Gbp/usd - 1.5610.. New US claims for unemployment benefits fell slightly more than expected last week. Jobless claims dropped to 457k compared to estimate of a fall to 460k. Despite intra-day rise to 1.5663, cable has retreated to as low as 1.5600 b4 stabilising. Bids are seen at 1.5590/00 while on the upside, offers are reported at 1.5630/40 n further out at 1.5660/70.

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