GBP Trading Outlook (02-11-2010)

The Sterling (GBP) saw PMI manufacturing improve in October to 54.9, from September&rsquo s reading of 53.5 (10 month low). The reading ensured the Sterling Pound remained well bid for much of the trading day, firmly establishing itself above the key 1.60 mark. The GBPUSD traded with a low of 1.6009 a low of 1.6089 before closing the day at 1.6031

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