GBP/USD Daily Commentary
May 28, 2009 by admin · Leave a Comment
The Cable weakened with U.S. equities yesterday, exercising its positive correlation with the S&P futures as investors locked in gains at the highly psychological 1.60 level. Today’s CBI realized sales number was a little disappointing, as was yesterday’s BBA mortgage approvals. Therefore, the optimism surrounding a recovery in consumption and…
