GBP Trading Outlook (04-11-2010)

The Sterling (GBP) slipped soon after the FOMC decision to extend it stimulus package before regaining a hold above 1.6100 late in the North American session. In domestic news, UK PMI Services rose to 53.2 for the month of October, from previous 52.8. The GBPUSD traded with a low of 1.6005 a high of 1.6165 before closing 1.6101. BoE meeting is scheduled on Thursday

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