GBP Trading Outlook (15-11-2010)

The Sterling (GBP) a slight pull back in October Consumer Confidence did little to help the market in risk off mode going into Europe with Cable testing 1.6000 before bouncing into the Weekend. EUR/GBP also bounced with the Euro selling seen as overdone in recent sessions. Overall the GBP/USD traded with a low of 1.5988 and a high of 1.6183 before closing the day at 1.6139 in the New York session.

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