GBP/USD Forex Market Moving News by AceTrader

GBP/USD – 1.5047.. ¬†Although cable tanked in European trading to 1.5019 y’day on active cross-selling of sterling vs the euro, subsequent unwinding of eur/gbp in NY helped price to recover to 1.5087. Price edged higher initially in Asia to 1.5073 on latest election poll results the Tories are leading Labour by 11% according to one poll, however, renewed buying of eur/gbp pushed cable back down to 1.5044. Offers at 1.5070-90 n a mixture of bids & stops are touted below 1.5020.