Market Moving News: GBP/USD - Jan 1

 @ibtimes on January 01 2010 8:38 PM

GBP/USD - 1.6100.. Despite cable's short-covering rally to 1.6236 in NY session last Thursday, sterling fell in tandem with intra-day decline in euro as st specs are selling the pound. Order book is pretty thin at present, reckon some bids lie around 1.6070-1.6050 area n shud contain present retreat.

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