Intra-Day Market Moving News and Views
31 Mar 2015 02:03GMT
GBP/USD - ..... Cable showed muted reaction to release of upbeat U.K. consumer confidence (Gfk Mar index rose to a 12-year high) in Australia and the pound briefly slipped fm 1.4817 to 1.4787 in tandem with intra-day weakness in the euro in Asian morning.
Despite Monday's strg rebound from a 1-week low of 1.4752 to 1.4843 in volatile NY session, anticipated weakness in the euro is likely to pressure the pound ahead of release of U.K. Q4 GDP & trade data.
Offers are noted at 1.4820/30 with stop above 1.4845, more stops are touted above 1.4870.
Minor bids are noted at 1.4780-60 with stops reported below 1.4750.
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