GBP/USD Seeing strong demand around the London fixing as euro-sterling gets slammed lower.

Market news

14 May 2012

GBP/USD Seeing strong demand around the London fixing as euro-sterling gets slammed lower.

Cable offers to $1.6120 erased, further supply $1.6150.

European stocks closed in minus: FTSE 100 5,465.52 -110.00 -1.97%, CAC 40 3,057.99 -71.78 -2.29%, DAX 6,451.97 -127.96 -1.94%

U.S. stocks retreated from session lows: Dow 12,720 -101 -0.78%, Nasdaq 2,911 -23 -0.77%, S&P 500 1,342 -12 -0.87%

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