GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5158.. ¬†Although ST specs pushed the pound higher in NZ/AUS back to Friday’s NY top at 1.5218 after Moody’s comment that Britain would retain its AAA rating (see previous report) but lack of follow through buying together with release of UK’s Rightmove house prices (where average price rose 0.1%, the smallest increase for the month in Feb since data began in 02′) prompted fresh selling. Cable retreated back to 1.5152. Offers are at 1.5210-30 n bids are touted fm 1.5150-20.