GBP/USD Market Moving News by AceTrader

GBP/USD – 1.5261.. Sterling did not benefit fm y’day’s euro’s selloff n nose-dived to as low as 1.5226 in Australia as the downgrades of Portugal & Greece by S&P are making investors worried over U.K.’s debt problem too as well as the gloomy prospect of a hung parliament after next week’s U.K. election on May 06. Order book is thin with some profit-taking bids at 1.5230-00 region n stops are built up below 1.5192 sup. Expect selling interest to appear on intra-day rebound, upside looks ltd to 1.5285/95 today.