GBP/USD - 1.5155.. Although euro is currently trading close to its y'day's 2-month high of 1.2713, cable has come off more fm its y'day's 1.5241 high as BOE's unchanged rate decision n 200 bln pound bond purchase program did not impress traders n long liquidation plus cross selling in sterling pressured price to 1.5102 in NY. Despite staging a short-covering rebound, renewed selling earlier in Australia at 1.5170/73 capped intra-day recovery. Range trading is seen until London opening with offers reported at 1.5170-90 n minor buying interest remains at 1.5130-00 with fairly large stops building up below this week's low at 1.5081. Watch out for U.K. PPI n trade balance at 08:30GMT esp. the latter, any number bigger than the forecasted range of -7.0 to -7.3 bln is a 'sell'.
Saturday, May 25, 2013 As of 5:30 AM EDT
U.S. EDITION
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