GBP/USD weakens

Market news

22 December 2010

GBP/USD weakens

GBP/USD dropped to a fresh low of $1.5426 as market reacted to the release of disappointing UK current account data, but rate bounced back to $1.5450 on reaction to comments contained in the BOE Minutes release. EUR/GBP popped to stg0.85145 on the data release, easing back to stg0.8505. Stronger demand interest noted between $1.5400/1.5390 with stops placed on a break below.

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