Market Moving News: GBP/USD - Jun 23

By IBTimes Staff Reporter | June 23 2010 12:39 AM

Gbp/usd - 1.4828... Although UK's Osborne said to have issued the toughest Budget for a century which included 29 billion pounds worth of annual tax rises and the biggest cuts in public spending for almost a century, cable has risen after this news as market received it as a determined act to straighten out the ever-worsening budget deficit. Despite a brief pullback to 1.4803 in Asia, sterling rebounded fm there n re-test of y'day's high of 1.4859 is seen. Bids are located at 1.4790/00 n further out at 1.4780. On the upside, a mixture of offers and stops is tipped at 1.4850/60.

Sponsorship Link

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Eurozone Crisis Hinges on Structural Reforms, Says Draghi and Weidmann

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Alibaba Subsidiary Lets Small And Medium Sized-Companies Hedge Against Fluctuating Yuan

Eurozone Leaders Try to Tackle Tax Evasion

Eurozone Leaders Try to Tackle Tax Evasion

Radical AfD Political Party Could Disrupt German Elections

Radical AfD Political Party Could Disrupt German Elections

In Depth

Gun Control News: Pryor Condems Bloomberg's Use Of Friend's Death In New Attack Ad

Mark Pryor To Bloomberg: Your New Ad Is 'Disgusting'

Cruise Passengers Get ‘Bill Of Rights,’ But Critics Are Skeptical Of The Wording

Dear Cruise Passengers: Here’s Your New ‘Bill Of Rights’

Obama Heckler Medea Benjamin Of Code Pink Acknowledged During President's Drone Speech: 'That Woman Is Worth Listening To' [VIDEO, PHOTO]

Obama, With Deft Words, Copes With Heckler During Drone Speech

Joe Biden's UPenn Commencement Address Upsets Chinese International Students

UPenn's Chinese Students Demand Biden Apologize For Graduation Speech

web counter