Gbp/usd – 1.4877 … Despite y’day’s selloff to 1.4798, the British Pound continued to move higher on active short-covering n price subsequently rallied to 1.4894. Bids are located at 1.4850/55, 1.4810/20 with stops building up below 1.4790 n 1.4780. On the upside, offers are tipped at 1.4905/10, 1.4940/50 n 1.4990/95.
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