GBP Trading Outlook (31-05-2011)

The Sterling (GBP) remained subdued but well supported near highs. &nbsp The GBP/USD has broken above resistance in recent days and is threatening to begin an uptrend. Overall the GBP/USD traded with a low of 1.6448 and a high of 1.6510 before closing the day at 1.6480 in the New York session.

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