GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5218.. The recent intra-day big swings in cable has made intra-day trading tricky, however, sterling usually behaves itself in Asian morning by moving in tandem with euro but as soon as Europe comes in, watch the sudden move in eur/gbp as this will give u clue of the next 50-70 point move in cable. Despite falling in tandem with euro in Asia, bids are reported at 1.5180-60 area shud contain downside but offers remained at 1.5270-00 area shud put a lid on sterling, buy the dips n sell on rallies today.