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GBP/USD stops eyed in the 1.6630 area; offers return above

By Jamie Coleman  || December 1, 2009 at 15:25 GMT
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Risk appetites appear to be contracting a bit after the data as US equities lose about 0.3% of their gains and trade up 0.8% on the session. EUR/USD is steady in the 1.5085 area and GBP/USD is consolidating gains above 1.6600.

Stop-loss buy orders are noted in Cable around the 1.6630 level but offers return toward 1.6660, traders report. We change hands now at 1.6607.

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