Intra-day Market Moving News and Views
23 Nov 2015 02:43GMT
GBP/USD - ...... The British pound tumbled to 1.5186 in New York afternoon on Friday, then lower to 1.5177/78 in New Zealand today before stabilising.
Cable met renewed selling at 1.5196 ahead of Asian open and fell sharply in tandem with euro to 1.5158 in Asian morning and continues to remain under pressure.
Since there is no major eco. data due today, price is likely to track euro's intra-day movements. Having said that, traders should also keep an eye on the eur/gbp cross.
Offers are now lowered to 1.5170/80 and more above at 1.5190/00 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on intra-day pullback is the favored strategy.
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