GBP/USD – 1.5023.. http://www.acetraderfx.com The British pound also retreats in tandem with euro ahead of Euroepan opening as st specs took profit after intra-day rally in Asia to 1.5077 on active short covering. Bids are touted 1.5010-1.4990 n offers fm 1.5070-00 area. Range-trading sets to dominate after shorts have trimmed some of their positions late y’day n today. UK Feb PMI services due out at 09:28GMT, street forecast is 54.9 vs previous reading of 54.5.
