GBP Trading Outlook (15-04-2011)

The Sterling (GBP) EUR/GBP selling supported the Cable and allowed the pair to finish at 1.6350 up from 1.6250 opening levels. GBP/JPY was more volatile but is finding support on dips after consolidating recent gains. Overall the GBP/USD traded with a low of 1.6252 and a high of 1.6388 before closing the day at 1.6350 in the New York session.

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