Start your Binary Trading income NOW!!!

Sponsored by Nuffnang.com

Wednesday, December 20, 2006

GBP/USD: Bids Tipped at 1.9690, CBI Survey due at 11:00GMT

Cable is currently perched above touted bids at 1.9690, having ticked south since the 09:30GMT publication of "neutral" BoE MPC minutes. The noted bids reportedly originate from a "short-term" source, who is looking for a fresh run-up towards 1.9750. The source would reportedly close out the position pre-1.9750. GBP/USD notched 15-day highs just shy of 1.9750 in early European trade.

1.9688-1.9740 was today's Asian session range. Stops are flagged above 1.9750. December's CBI retail sales survey will be disclosed at 11:00GMT. The headline balance is expected to improve to minus 4, from minus 9 in November. It was minus 4 in October.

No comments: