FXstreet.com (Jakarta) - The British pound came off vis-à-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,' said GCI Financial Team.

Cable bids are cited around the US$ 1.4515 level. The euro moved higher vis-à-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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