GBP/USD Ends 2009 Well Above 1.6

December 31, 2009 8:41pm Comments

GBP/USD's trading pattern very roughly matched EUR/USD but, unlike EUR/USD, GBP buyers, some semi-official appeared and GBP/USD climbed to new intraday highs even as the 12:00 gmt fixing neared.

GBP/USD fell off its highs of 1.6235 in reaction to US initial claims, but flows were minimal.

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GBP/USD Ends 2009 Well Above 1.6

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