UK stock up on openning market, respond stimulus G20

FTSE was seen opening up 29-33 points on Monday, as investors saw appetite for risk persisting after the Group of 20 pledged to keep stimulus measures until the economic recovery was assured.

G20 financial leaders, meeting for a third time this year, launched a new framework for discussions on rebalancing the global economy and agreed it was too early to pull the plug on economic support for a fragile economic recovery.

This helped Asian shares gain ground with shares outside Japan. MIAPJ0000PUS up 1 percent, paving the way for a stronger opening in the UK and around Europe.

Euro and Pound back to range tops

on .

EUR/USD decline from 1.5000 high on Monday found support at 1.4880 low on Tuesday, and Euro rebound extended during Asian session from lows around 1.4955 to test 1.5000 at the moment of writing.

GBP/USD decline from Monday's high at 1.6650 found support on Tuesday at 1.6495, and the Pound bounced up to advance during Asian session from levels around 1.6580 back to test Monday's high at 1.6650 at the moment of writing.