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Thursday, June 24, 2010

British Pound Finds Support on Fundamentals, But Risk Trends Still Hold Influence

After seeing its two day rally thwarted by a flight to safety on the back of a record low in U.S new home sales the GBP/USD is again tracking higher. The Pound has seen support grow following the release of the new government’s emergency budget, which received a vote of approval from ratings agency Moody’s today.

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[Source: DailyFX Forex Market News]

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