GBP Trading Outlook (16-05-2011)

The Sterling (GBP) was not immune to the Euro weakness but did fair better helping EUR/GBP to fall below 0.8700. Cable fell to month lows below 1.6200 and is searching for support in the risk off environment. &nbsp Overall the GBP/USD traded with a low of 1.6146 and a high of 1.6308 before closing the day at 1.6184 in the New York session

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