GBP Trading Outlook (12-12-2011)

The Sterling (GBP) GBP/USD struggled on Friday with the negative fallout from the EU summit in which the UK PM refused to sign up to new reforms. Traders are concerned this could lead to the UK being left out of future negotiations and possible distancing itself from the Eurozone. GBP/USD found support under 1.5600 and is stable waiting for more EU fallout.

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