Market news
06.01.2011, 13:02

GBP/USD head for $1.5500

GBP/USD lifts to $1.5495 following reports of Asian buying from between $1.5485/90, though reaction seen sluggish. Move up though allows euro-sterling to ease below stg0.8460. Cable resistance now seen between $1.5505/15, a break to open a move on toward $1.5540/50 ahead of earlier highs at $1.5564.

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