Sterling giving back gains
Written July 3, 2009 at 4:06 AM EST by Vincent Facchino
Gbp/Usd is retracing from earlier highs on concerns the APF would be increased from the £125B level
- Dealers noting that there are certainly encouraging signs of a U.K. economic recovery
- Credit conditions remain tight
- Little evidence the Asset Purchase Facility has yet had an impact.
Gbp/Usd currently trading at 1.6345, Gbp/Jpy at 156.90 and Eur/Gbp at .8562
Categories: Forex Trading | Tags: GBP
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