GBP/USD Fundamental Outlook at 1500 GMT (EST + 0500)

GBP/USD Fundamental Outlook at 1500 GMT (EST + 0500)

 @ibtimes
on June 15 2009 3:44 PM

The British pound moved lower vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.6240 level and was capped around the $1.6440 level. Traders continue to monitor the tense political situation involving Prime Minister Brown and the expenses scandal. Cable bids are cited around the US$ 1.6215 level. The euro vis-à-vis the British pound as the single currency tested bids around the ‚¤0.8445 level and was capped around the ‚¤0.8530 level.

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