GBP Trading Outlook (14-12-2010)

The Sterling (GBP) tracked the Euro move higher but could not keep up with the pace of the single currency allowing EUR/GBP to move back to the mid 0.8450 region. UK House prices continue to weaken with Rightmove HPI -3.0%m/m. Overall the GBP/USD traded with a low of 1.5717 and a high of 1.5900 before closing the day at 1.5850 in the New York session.

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