Wednesday September 9, 2009 - 15:45:30 GMT
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Euro, British Pound Remains Bid Ahead of Fed's Beige Book
Wednesday, 09 September 2009 11:05:55 GMT
Written by David Song, Currency Analyst
The British pound tipped higher against the U.S. dollar for the second-day after finding intraday support ahead of the 50-Day moving average (1.6442) however, the GBP/USD may hold a narrow range ahead of the Bank of England interest rate decision as investors anticipate the central bank to hold the benchmark interest rate at the record-low of 0.50%.