Market Moving News: GBP/USD - Apr 21

By IBTimes Staff Reporter | April 21 2010 1:06 AM

Gbp/usd - 1.5400 ... The British pound rebounded fm 1.5332 to 1.5408 in tandem with euro together with active cross buying in sterling (eur/gbp continued this week's weakness n extended to 0.8721). Traders are waiting for the minutes of Bank of England n the MPC vote outcome together with the ILO unemployment rate at 08:30GMT. Bids are located at 1.5350/55 n 1.5335/40 with some stops seen below 1.5330. On the upside, profit-taking offers are tipped at 1.5430/35 n 1.5465/70.

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