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

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Source: Forexpros
© Scanpix/Reuters

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

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