• GBP/USD under pressure

Market news

3 May 2011

GBP/USD under pressure

GBP/USD under pressure ahead of CBI report at the top of the hour. Rate extends lows to reported support at $1.6480. A break below here to open a deeper move toward $1.6450 ahead of stronger area between $1.6435/30. Resistance seen back at $1.6540/50.

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