British Pound Could Break 1.96 On Weak Trade Balance

 08.07.2008 23:17   actionforex.com

Traders continue to push the British pound lower against the US dollar. Since last Wednesday, the currency pair has fallen close to 300 pips. It has now broken below the 100-day SMA, leaving the door open for a move down to support at 1.96. This level is the 23.6 percent...

World E-commerce