GBP Trading Outlook (04-10-2010)

The Sterling (GBP) a mild rally failed to keep pace with the Euro as the Pound remains out of favor with investor given uncertainty about the UK&rsquo s own monetary policy. The Bank of England meet this week with focus on any change in the Asset Purchase Program. Overall the GBP/USD traded with a low of 1.5705 and a high of 1.5871 before closing the day at 1.5834 in the New York session.

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