The Sterling (GBP) found strong resistance above 1.5800 but the pull back was shallow with strong GBP/JPY flows supporting. The outlook for the Pound has been improving lately as market focuses on other currencies problems. Overall the GBP/USD traded with a low of 1.5702 and a high of 1.5825 before closing the day at 1.5760 in the New York session. Looking ahead, December CBI Orders forecast at -13 vs. -15.
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