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GBP Trading Outlook (27-07-2011)

The Sterling (GBP) was one of the strongest currencies in the market with the Q2 GDP impressing with the 0.2% in line with expectations but a note from the statistics agency saying without Japan/Royal Wedding the number would have been closer to 0.7%. Overall the GBP/USD traded with a low of 1.6264 and a high of 1.6430 before closing the day at 1.6415 in the New York session. Looking ahead, July CBI Orders forecast at -2 vs. 1 previously.

Back to GBP Trading Outlook Archive

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