GBP Trading Outlook (25-07-2011)

The Sterling (GBP) the GBP/USD was very quiet pivoting the 1.6300 level consolidating the rally on Thursday. EUR/GBP fell back to test 0.8800 but is grinding higher on the post Greece deal enthusiasm for the single currency. Overall the GBP/USD traded with a low of 1.6263 and a high of 1.6327 before closing the day at 1.6300 in the New York session.

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