Market Moving News: GBP/USD - Apr 5

  @ibtimes on April 05 2010 12:05 AM

GBP/USD - 1.5270.. Although cable continued its recent ascent n rallied in y'day's London trading after release of stronger-than-expected U.K. ISM manufacturing index, profit-taking offers at 1.5300/10 checked intra-day gain. Order book is almost non-existent as U.K. is off until Tuesday. Similar to euro, reckon renewed buying wud emerge on dips n y'day's low at 1.5280 shud hold fm here whilst some stops were reported abv 1.5300, previous high at 1.5382 shud remain intact.

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