Market Moving News: GBP/USD - Jul 1

By IBTimes Staff Reporter | July 01 2010 12:37 AM

Gbp/usd - 1.4932... Although cable has recovered briefly to 1.4955 after intra-day fall below y'day's low of 1.4935 to 1.4914, the British pound shud remain under pressure in European session as Asian equities extended y'day's weakness n European bourses (FTSE, DAX n CAC) are seen opening down by more than 1.5%. Offers are tipped at 1.4970/80 whilst bids are located at 1.4910/20 n further out at 1.4870/80.

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