Pound news:
A short term push from the insurance deal failure saw Sterling break into the $1.47 levels for most of the afternoon but as traders unwound their short positions Sterling soon fell back to more familiar levels as there was little else to support Sterling in the short term.
If non-farm payroll data is good
Pound news:
Sterling is leading the way this morning by registering some healthy gains against both the US Dollar and Euro. Unfortunately we must approach the GBP/USD gains with some caution as the rally is not as a result of strong economic data but rather the result of a failed deal. Initially the Pru/AIG deal would
Pound news:
The Pound is struggling to come back to levels seen a month ago of around $1.5400. Yesterday was also a holiday in the U.S and as such the market was very quiet. Current trading levels are very much in keeping with where they have been for the last week, the $1.4450 level being maintained
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