March 9th, 2010 03:33:42 GMT

Latest UK polls undermining sterling

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The latest election polls from the UK in The Times suggest that the Conservatives will have difficulty in winning a clear overall majority. The GBP market has become quite sensitive to suggestions of a hung parliament.

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March 9th, 2010 01:14:34 GMT

Cable sliding due to GBP/JPY selling

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Some decent flows out of Tokyo are to blame and cable is back towards 1.5000 again. I hear that there may be Sovereign bids around 1.4950/60 level but I’ve got no confirmation at the moment.

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March 5th, 2010 03:47:11 GMT

Quick look at the order books

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Best to keep a mental note of these levels for later tonight: USD/JPY; heavy offers starting at 89.50, then every 10/15 pips until 90.25 AUD/USD; stops below .8955 and again below .8935 Cable: talk of Sovereign bids around 1.4950 area … Continue reading

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