GBP Trading Outlook (18-10-2010)
The Sterling (GBP) in similar fashion to other majors, spiked higher against the dollar. The Pound has continued to maintain it handle above 1.6000 of late, and Friday was no different as late session selling ensured the GBP closed below that level. The GBPUSD traded with a low of 1.5975 and a high of 1.6104 before closing the day at 1.5984.
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