GBP/USD retreated from 2-day low, but Greek elections weigh

Source: Forexpros

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.

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Tue, 12 Jun 2012 14:54:40 GMT

Euro gains are limited by concerns over Spain and Greece

On Tuesday, the Euro was growing against the U.S. dollar, but gains seemed to be capped by cautiousness over mechanics of Spanish bank bailout, and the outcome of the weekend's elections in Greece. EUR/USD peaked at 1.2529, and later consolidated at 1.2506, which was a 0.20% gain during European afternoon trading session. The pair's initial support was prone to be at 1.2409, while an interim resistance

Tue, 12 Jun 2012 14:32:39 GMT

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