Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly not convinced. Technical supports 1.6395.00 and 1.6345/50, resistances at 1.6430/35 and 1.6450/55.
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Cable opens firmer in Europe
June 11 2009, 8:51am | Comments »
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European elections 2009: Far Right makes gains across Europe
Far Right parties and extremists made gains across Europe on Sunday night as protest votes and low turnouts marked elections for European parliament.
June 7 2009, 10:35pm | Comments »
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