GBP Trading Outlook (25-11-2010)

The Sterling (GBP) Q3 GDP was confirmed at 0.8% Q/Q but the GDP was linked with the Euro in underperforming risk assets. The market was stable though and new lows were limited by the US stock market rally. Overall the GBP/USD traded with a low of 1.5757 and a high of 1.5957 before closing the day at 1.5780 in the New York session. Looking ahead, UK Inflation Hearing and BoE Governor King Speaks.

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