04 Sep 2015 08:39GMT
GBP/USD- ..... Despite staging a rebound from yesterday's low at 1.5219 to 1.5269 in New Yorl afternoon, the British pound met renewed selling and dropped gain.
Cable continued to ratchet lower in Asian morning and hit a session low at 1.5214 in early European morning, weighed down by cross-selling of sterling vs euro.
However, price pared its losses and staged a short-covering rebound to 1.5266.
Offers are now seen at 1.5270/80 and more above at 1.5290/00 with stops building up above there whilst initial bids are noted at 1.5220/30, suggesting further choppy trading would be seen ahead of New York open.
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