GBP Trading Outlook (27-10-2010)

The Sterling (GBP) was the best performing currency in the market as the Q3 GDP figures surprised with an impressive 0.8% Q/Q vs. 0.4% Q/Q forecast. EUR/GBP showed the Pound Strength clearly with the recent trend reversing for a test of 0.8740. Overall the GBP/USD traded with a low of 1.5704 and a high of 1.5899 before closing the day at 1.5840 in the New York session.

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