GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5062..http://www.acetraderfx.comĀ Sterling is the stronger ccy vs euro today as price jumped ahead of Asian opening on active buying by many big players, some covered their recent shorts n some (st specs) on triggering stops abv 1.4990/00 (this is also part of a full-time job). News of a snag in the Prudential’s purchase of AIA through the biggest cash call (13.3bn pounds) in UK history has prompted shorts to cover their positions. Cable rallied to as high at 1.5077 after taking many stops on the way up. Buying cable on dips (we have been telling you since y’day’s morning) is the way to go.