Market news
07.02.2011, 18:35

GBP/USD set stable

GBP/USD has held close to $1.6100 for much of the US session, essentially locked inside $1.6090/1.6130 as sterling-yen holds above Y132.50 (above the 200d ma). Cable focus for the week still the MPC meeting Thursday. Offers still atop the overnight high at $1.6185 and said to extend to $1.6200.

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