GBP Trading Outlook (20-06-2011)

The Sterling (GBP) tested 1.6200 on the back of the Euro strength but sentiment is still very mixed towards the pound given the recent run of weak data and the chance of massive protests to government austerity measures. Overall the GBP/USD traded with a low of 1.6093 and a high of 1.6200 before closing the day at 1.6195 in the New York session.

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