GBP Trading Outlook (26-05-2011)

The Sterling (GBP) was the strongest currency in the market overnight surging across the board. EUR/GBP reversed below 0.8700 and GBP/JPY soared above Y133. Q1 GDP was confirmed at 0.5% Q/Q. Overall the GBP/USD traded with a low of 1.6129 and a high of 1.6297 before closing the day at 1.6260 in the New York session. Looking ahead,

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