GBP Trading Outlook (22-02-2011)

The Sterling (GBP) eased with the USD strength but the selling was mild with the US away and the sentiment bullish towards the Pound in recent days. Support at 1.6200 was strong and Cable stayed close to the figure throughout the day. Overall the GBP/USD traded with a low of 1.6202 and a high of 1.6267 before closing the day at 1.6220 in the New York session.

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