GBP Trading Outlook (03-12-2010)

The Sterling (GBP) the cable resumed its aggressive volatility being sold hard at the start of the US session before bouncing with the risk on trading. EUR/GBP is recovering towards 0.8500. Overall the GBP/USD traded with a low of 1.5543 and a high of 1.5651 before closing the day at 1.5610 in the New York session. Looking ahead, November PMI Service 53 vs. 53.2.

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