GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5480.. The British pound is enjoying a period of respite after Friday’s selloff to 1.5345 n intra-day rise in euro helped pushing price to 1.5490 in Australia but sellers emerged n knocked cable briefly to 1.5430 b4 rebounding in tandem with euro. Gain in eur/gbp cross suggests sterling is the weaker ccy vs usd n offers at 1.5490-1.5520 area may well check intra-day gain. Order book is thin on Monday morning but suspect bids (profit-taking) are in the region of 1.5430-10.