British Pound Makes Headway as UK Data Reflects Signs of Stabilization (Daily FX via Yahoo! Finance)
May 2, 2009 by admin · Leave a Comment
The British pound was the second strongest of the majors last week, losing out only to the Canadian dollar, as GBP/USD bounced from support at the 100 SMA. While there is resistance looming above for the pair at the April 16 high of 1.5070, economic releases could work in favor of British pound gains in the near-term.
