GBP Trading Outlook (20-10-2010)

The Sterling (GBP) also slid versus the dollar post China, with sentiment remaining skewed on the down side in anticipation of UK Government spending review, and growing expectation of further quantitative easing by the BoE. The GBPUSD traded with a low of 1.5680 and high of 1.5940 before closing the day at 1.5699. Looking ahead, MPC minutes scheduled for release as well as the spending review.

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