GBP Trading Outlook (29-12-2010)

The Sterling (GBP) gained against the Euro but was under pressure elsewhere with the major below 1.5400 and GBP/JPY moving to fresh year lows. Overall the GBP/USD traded with a low of 1.5343 and a high of 1.5514 before closing the day at 1.5360 in the New York session.

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