GBP Trading Outlook (03-01-2012)

The Sterling (GBP) a rally above 1.5500 on Friday was consolidated on Monday in thin trading with the UK markets closed. The Outlook is not mixed with the EUR/GBP having completed large moves lower and the Eurozone debt crisis no longer creating panic selling. If stocks were to rally then a move back to 1.5700 is very possible throughout the week.

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