Market Moving News: GPB/USD - May 9

By IBTimes Staff Reporter | May 09 2010 4:35 AM

Gpb/usd - 1.5053 ... U.K. Apr services PMI declined to 55.3, much weaker than the expectation of 57.00, due to election, Easter and volcanic ash. The British pound dropped briefly to 1.5008 after the data b4 rebounding on short-covering, however, offers are tipped at 1.5070, 1.5090/00 n further out at 1.5120/30 on political uncertainty. On the downside, stops below 1.5000 are in focus.

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