GBP/USD - 1.6560 .. Cable moved lower fm y'day's 1.6670 high this morning as falling equity markets in China n Hong Kong dampened risk appetite. No major data is due out of the U.K. today n traders are waiting the opening of European stock markets. Selling interest fm st spec is building up at 1.6570/80, 1.6600 n 1.6620/30 with stops only emerging around 1.6660/70. On the downside, bids are reported at 1.6520/30 n 1.6500 with stops placed below latter lvl n further out at 1.6440/50.
Join the Discussion