Cable Helped By M&A Flow
by admin on Friday, August 19th, 2011 | No Comments
Markets were jittery at the start of European trade today with broader indices lower by -1.3% as concerns over the region’s financial sector continued to trouble investors ahead of the weekend. Risk FX which initially held up well finally succumbed to continued risk aversion flows with EUR/USD tumbling towards the 1.4250 level from 1.4325 earlier in the session while cable gave up the 1.6500 figure dropping to 1.6445 in early London trade
http://www.fx360.com/commentary/boris/5985/cable-helped-by-ma-flow.aspx