GBP Trading Outlook (22-10-2010)

The Sterling (GBP) was knocked about on Thursday, little aided by a fall of -0.2% in Retail Sales for September and a downward revision in the previous month. The effects of the previous day&rsquo s UK austerity measures did little to aid in upward bias for the Sterling Pound. Overall the GBPUSD traded with a low of 1.5688 a high of 1.5848 before closing the day at 1.5704

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