Wednesday, May 6, 2009

Pound rose to good news on the PMI index

The British pound uteplyaetsya sharply against the dollar and euro, with the support of the published macroeconomic statistics. The index of business activity in the service sector PMI economy of Great Britain for April amounted to 48.7 point, which was significantly higher than the forecast of economists who had expected rate at the level of 46.2 points. Dealers noted that market participants are currently inclined to sell the pound against the dollar in the background, taking advantage of the current rise in sterling, which provides an opportunity to open short positions on more profitable levels. Stop lined up above 1.5150. While the rate of the pound / dollar is below the specified point of interest to sales in this pair will continue.

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