Monday, October 5, 2009

Pound was under pressure from the start of trading in Europe

Pound / dollar, which began Monday with the positive attitude and more recently Offer of $ 1.6020/30, now shows an active reduction and kept about $ 1.5937, which dealers attributed to large sales of foreign currency British clearing bank, but they also indicate that support for the latter have buy euro / pound French bank that helped the pair to rise to around Ofer stg0.9175. Interested in buying a pound noticeable about $ 1.5940/30, but dealers do not rule out a break below and the further reduction to $ 1.5905/00 and $ 1.5880, although it is not expected to significantly change the situation in a pair of paying attention to the existence of the preconditions for the continuation of consolidation in the range of $ 1.6150 - $ 1.5750. Ofer now congregate around $ 1.5970, further interest in selling noticeable around $ 1.6000 and at around $ 1.6020/30. Ofer on euro / pound saved in the field stg0.9175/80, as well as in the area of stg0.9195/05 feet above stg0.9210, while bids are about stg0.9140 and stg0.9120.

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