Monday, June 29, 2009

GBP/USD jumps above 1.6500, easing its initial losses

GBP/USD has risen around 120 pips in the last hour after rebounding from 1.6430, intra-day low to post 1.6547 as fresh intra-day high. Currently the pair is trading around 1.6520/30, easing all of initial losses.

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