GBP Trading Outlook (03-05-2011)

&nbsp The GBP ground higher after some strong GDP at 0.5% vs. -0.5% previously Q/Q allowed some positivity. The GBP/USD still underperformed though and EUR/GBP took advantage to hit month highs above 0.8900.The GBP/USD is up +1.20% currently at 1.6704 after opening at 1.6503.

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