Market Moving News: GBP/USD - Dec 20

By IBTimes Staff Reporter | December 20 2009 2:05 AM

Gbp/usd - 1.6253 ... Cable declined to as low as 1.6232 in Asia on the back of the dlr's rally esp vs other European ccys b4 recovering on profit taking by st specs, however, order book is relatively thin with no major data out of the U.K. today. Bids are noted fm 1.6200 down to 1.6190 with stops placed below there n also further out below sup at 1.6167. On the upside, offers are likely to emerge at 1.6300/10...

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