Market Moving News: GBP/USD - Jan 8

  @ibtimes on January 08 2010 1:50 AM

Gbp/usd - 1.5946 ... The British pound traded inside a relatively narrow range of 1.5915-1.5957 after yesterday's widely expected Bank of England rate decision with both interest rate n asset purchase program kept unchanged at 0.5% n 200 billion pounds respectively. Investors are focusing on the release of U.K. PPI n the important U.S. jobs data. Offers are tipped at 1.5955/60 n 1.5980 whilst bids are located at 1.5920 n 1.5900 with stops building up below 1.5880 n 1.5830.

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