GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5280.. Although cable has benefited fm buying of sterling on crosses esp vs eur & jpy, intra-day selloff in euro has dragged the pair lower. ST specs are buyers on dips n some stops are reported below 1.5260. As cable has risen at European opening in last few days, watch out for a possible repeat of this act today n also at 09:30GMT when U.K. releases its PSNB (then at 11:00GMT CBI industrial trend for March), previous fig. was 4.2 bln pounds & street forecast this time is 14 bln, anything larger than this may send cable sharply lower on long liquidation by st specs..