GBP Trading Outlook (14-07-2011)

The Sterling (GBP) enjoyed Majors gains throughout the day against most pairs tracking the Euro higher. Cable broke above 1.6000 in the US session and surged to 1.6150. June Claimant Count was higher than expected at 24.5k vs. 15k forecast. Overall the GBP/USD traded with a low of 1.5906 and a high of 1.6196 before closing the day at 1.6160 in the New York session.

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