Market Moving News: GBP/USD - Dec 18

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Gbp/usd - 1.6175 ... The intra-day rise to 1.6220 (Asia) was attributed to short-covering after Pakistan denied rumours of a coup n st specs were also seen taking profits after cable fell fm this Wednesday's high at 1.6412 to 1.6080 y'day. Fresh selling interest is likely to emerge fm 1.6230 up to 1.6260 while on the downside, bids are noted at 1.6100/10 n 1.6070/80 with stops tipped further out at 1.6050...

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