GBP/USD holds firm

Market news

15 March 2011

GBP/USD holds firm

GBP/USD extends recovery to $1.6060 and holding firm. Key resistance remains up at $1.6087, with offers surrounding in the $1.6080/90 area. A break and clear above $1.6087 to relieve the underlying bearish tone, failure to push above will keep focus on the downside.

Dow -232.65 at 11760.51, Nasdaq -52.53 at 2648.44, S&P -25.65 at 1271.30

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