The Dollar Gains Reprieve - My Trade Clocked +245pips Today..
Wednesday, May 24th, 2006The GBP/USD traded sharply up this morning to retest 1.8860 from the low of the Frankfurt open @ 1.8727 only to head southward again. None of the better than expected CBI report mattered today. The latest weakness in the UK equity market also contributed to the ’southbound train’ movement.
