Gbp/usd - 1.4975 ... The British pound rebounded briefly fm 1.4931 to 1.4987 in European morning on active cross buying in sterling (eur/gbp tumbled to fresh year's low of 0.8194) due to the generally supportive rating agency response to the U.K. budget. However, dollar's strength versus other European ccys shud cap cable's upside somewhat as offers are reported at 1.4985-1.5000 region with some stops seen abv 1.5005/10. On the downside, a mixture of bids n stops is located at 1.4930.
Join the Discussion