Tue, 12 Jun 2012 14:43:40 GMT
GBP/USD retreated from 2-day low, but Greek elections weigh
On Tuesday, the British Pound erased losses versus
the U.S. dollar, recovering from a 2-day low, as market sentiment was
determined by Spanish bailout hopes. However cautiousness over Greek
elections this weekend capped gains. GBP/USD retreated from 1.5455,
which was a 2-day low, and consolidated at 1.5538, gaining 0.34% in
the European afternoon trade.