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GBP Dollar FX trader

Canadian Press, The Canadian Press
0 Comments| November 27, 2012

(Action Economics) - 27-Nov-12 08:38 - Cable is supported on dips since it broke up through 1.6000 and extended to 1.6050 in thin holiday trade last Friday.

News that BoE Carney will take over from BoE Governor King next June was taken as a positive by London traders and provided some support on the periphery, along with conjecture that London real estate could benefit after China gave the greenlight for insurance companies to invest in overseas assets.

© The Canadian Press, 2005

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