GBP/USD - 1.6215.. The British pound had lost all of its recent shine as predicted in our report y'day as the intra-day unwinding in the golden eur/gbp cross pressured price in early European trading. Once indicated key sup 1.6211 gave way, cable fell in an orderly manner b4 staging a rebound on short-covering to 1.6239. Price is now tracking intra-day euro's move in Asia, some offers reported at 1.6230/40 n more abv but buying interest remains abv y'day's low with rumour of more stops below 1.6200.
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