GBP Trading Outlook (08-11-2010)

The Sterling (GBP) strong risk appetite competed against the USD strength to have cable finish slightly lower just under 1.6200. EUR/GBP continued to fall back below 0.8700. Overall the GBP/USD traded with a low of 1.6168 and a high of 1.6292 before closing the day at 1.6187 in the New York session.

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