GBP Trading Outlook (03-10-2011)

The Sterling (GBP) fell back below 1.5600 as the selling in stocks put downward pressure on the GBP but the EUR/GBP selling helped keep GBP/USD limited. Support at 1.5550 has held so far but further negative news could cause a break and test of 1.5500 today in the UK session.

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