The Sterling (GBP) was heavy on Friday pulling sharply back to Monday lows at 1.5730 before once again finding support. So far on Monday cable is nearly back to 1.5800. Resistance above 1.5900 proved too much for cable last week which moved sharply higher in the January. A successful Greece resolution could prompt a retest and move to 1.6000 a key level in 2011.
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