• GBP/USD holds below $1.5500

Market news

21 December 2010

GBP/USD holds below $1.5500

GBP/USD breaks below $1.5500 (Asia low $1.5501) as sterling continues to come under pressure following release of disappointing UK borrowing data. Rate extends to $1.5488, jusy shy of earlier reported support between $1.5485/75. Stops noted on a break of $1.5470.

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