Intra-day Market Moving News and Views
27 May 2015 08:21GMT
GBP/USD - ...... Cable rebounded in tandem with euro and climbed from Asian low at 1.5378 1.5437 in European morning on broad-based weakness in the greenback before retreating in part due to cross selling in sterling.
Price fell to 1.5395 and then climbed back to 1.5428.
Expect further choppy move above Tuesday's fresh 2-1/2 week trough at 1.5354 would be seen ahead of NY open.
At the moment, offers are reported at 1.5440-50 and then 1.5465/70 with mixture of offers and stops at 1.5485-95.
On the downside, bids are tipped at 1.5380-70 and more around 1.5360 with stops building up below 1.5350.
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