GBP Trading Outlook (14-02-2011)

The Sterling (GBP) fell back with the Euro to test support at 1.6000 which cautiously held into the weekend. Outlook is mixed with inflation vs. weak growth seen hampering the Pounds recovery this year. Overall the GBP/USD traded with a low of 1.5965 and a high of 1.6111 before closing the day at 1.6012 in the New York session.

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