GBP Trading Outlook (03-11-2010)

The Sterling (GBP) closed above the 1.60 mark for the second successive day despite a spiked lower in immediate reaction to PMI Construction figures coming in below expectation at 51.6 versus 53.1 forecast. The GBP USD trade with a low of 1.5960 and a high of 1.6080 before closing the day at 1.6046

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