GBP Trading Outlook (13-10-2010)
The Sterling (GBP) despite reports of 3rd quarter growth being excessively slow, UK CPI figures were released at 3.1%, above the BoE 3% upper limit. Confusion on the outlook of the UK economy remains following poor Retail Sales and House prices on Tuesday, ensuring the GBP was the worst performing currency against a broadly weaker dollar. Overall the GBP traded with a low of 1.5760 and a high of 1.5916 before closing the day at 1.5793.   
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