British Pound The British Pound erased gains against the - TopicsExpress

British Pound The British Pound erased gains against the Greenback yesterday, after the release of strong U.S economic reports eased concerns that the Federal Reserve will soon scale back its stimulus program. Bank of England Governor Mervyn King said that investors had over interpreted Bernanke’s comments and added that central banks were not a point where they needed to increase interest rates. Overall, the GBP/USD traded with a low of 1.5396 and a high of 1.5476 before closing the day at 1.5421 in the New York session.

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