GBP Trading Outlook (17-01-2011)

The Sterling (GBP) was extremely contained tracking the Euro and remaining strong above 1.5800. EUR/GBP is above 0.8400 after finding solid support at 0.8300 last week. Overall the GBP/USD traded with a low of 1.5816 and a high of 1.5888 before closing the day at 1.5862 in the New York session.

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