Market Moving News: GBP/USD - Aug 15

By IBTimes Staff Reporter | August 15 2010 10:35 AM

Gbp/usd - 1.5576 ... The British pound has remained under pressure on active cross selling in sterling (eur/gbp rebounded fm 0.8204 to 0.8259) due to the dovish tone in Wednesday's Bank of England inflation report. However, trading is relatively thin as focus is on other dollar majors especially the Japanese yen. Offers are tipped at 1.5615/20 whilst mixture of bids n stops is located at 1.5560/65.

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