Market Moving News: GBP/USD - Feb 12

 @ibtimes on February 12 2010 1:37 AM

Gbp/usd - 1.5700 ... Despite y'day's brief drop to 1.5560, the British pound rallied on active cross buying in sterling especially versus euro (eur/gbp tumbled fm 0.8842 to as low as 0.8701 y'day). Bids are located at 1.5660/70, 1.5600/10 n further out at 1.5660/70. On the upside, offers are tipped at 1.5750/60 with stops seen abv 1.5770 n 1.5800.

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