(RTTNews) - U.K.’s government net reserves fell $297 million in June to bring the end-June total to $29.76 billion. It compares with $30.06 billion at end-May. Gross reserves totaled $52.64 billion at end-June, down from GBP 54.38 billion at end-may. Bank of England net holdings of foreign currency and gold fell by $5 million ...

July 3rd, 2009 - The GBPUSD broke below trendline support yesterday and has been able to stay below the level today.  The trendline has provided support on 4 separate occassions during GBPUSD’s move higher from the April 22nd low of 1.4396 to the high reached June 30th at 1.6743. The trendline was broken at the 1.6435 level ...
Author: Greg Michalowski