acetraderfx
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AceTraderFx Sept 24: Intra-day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
24 Sep 2015 01:00GMT
GBP/USD - ..... The British pound gained no repite on Wednesday and met renewed selling at 1.5364 in early European morning, price fell sharply to intra-day low at 1.5221 in New York morning, due partly to active cross-selling of strong especially vs euro.
Cable staged a brief rebound but 1.5264 has capped upside and brought another retreat.
The only U.K. data due from UK today is BBA mortgage approvals, price is likely to remain influenced by the eur/gbp cross, hence investors should keep a keen eye on it.
Offers have now been lowered to 1.5260/70 and more below at 1.5290/00 with stops building up above there whilst initial bids are noted at 1.5200/10, suggesting selling for a resumption of recent downtrend is still favoured.
Intra-day Market Moving News and Views
24 Sep 2015 01:00GMT
GBP/USD - ..... The British pound gained no repite on Wednesday and met renewed selling at 1.5364 in early European morning, price fell sharply to intra-day low at 1.5221 in New York morning, due partly to active cross-selling of strong especially vs euro.
Cable staged a brief rebound but 1.5264 has capped upside and brought another retreat.
The only U.K. data due from UK today is BBA mortgage approvals, price is likely to remain influenced by the eur/gbp cross, hence investors should keep a keen eye on it.
Offers have now been lowered to 1.5260/70 and more below at 1.5290/00 with stops building up above there whilst initial bids are noted at 1.5200/10, suggesting selling for a resumption of recent downtrend is still favoured.