News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru santosh, who is generally very attune to the U.K. economy, only managed to eke out a small gain of 4.5% by closing out one long position; he holds numerous open longs in the GBP/USD pair which are not close to turning a profit. Other traders were quicker in closing out their longs that were in danger of reversing; trader bonychem closed out a long with a 4% gain, but only minutes before that closed another with a 46% return. Read more