Market Moving News: GBP/USD - Jun 10

By IBTimes Staff Reporter | June 10 2010 12:56 AM

Gbp/usd - 1.4590 ... The British pound rose strongly fm 1.4509 to 1.4600 in tandem with euro due to early bullish comments on euro fm Dai Xianglong, Chairman of Chinese national pension fund (National Social Security Fund) together with the confirmed strg China's export data. Bids are now noted at 1.4570, 1.4540/50 n further out at 1.4510/20. On the upside, stops abv 1.4610 are now in focus n traders are waiting of the rate decision fm Bank of England at 11:00GMT.

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