GBP Trading Outlook (30-11-2010)

The Sterling (GBP) continued to be sold on rallies falling to lower 1.55 levels at the height of US stock market weakness. UK House prices fell again in November according to Hometrack down -0.8% m/m. &nbsp &nbsp Overall the GBP/USD traded with a low of 1.5525 and a high of 1.5650 before closing the day at 1.56 in the New York session. Looking ahead, November Consumer Confidence at -21 vs. -19 previously.

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