The British pound came off vis-Ã -vis the U.S. dollar today as cable tested bids around the US$ 1.4620 level and was capped around the $1.4655 level. Liquidity is significantly reduced on account of the long holiday weekend in the U.K. When markets reopen next week, traders will again focus on the U.K.€™s deep economic recession and look for any clues that Bank of England€™s quantitative easing policies may not be as detailed or large as previously thought. Cable bids are cited around the US$ 1.4515 level. The euro moved higher vis-Ã -vis the British pound as the single currency tested offers around the ‚¤0.8980 level and was supported around the ‚¤0.8955 level.
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