GBP Trading Outlook (21-05-2012)

The Sterling Pound (GBP) was indifferent in Friday trading, managing to rally against the USD in a late session sentiment shift, yet any further advance was limited as the EURGBP cross managed break to the upside, trading at 0.8060. The Cable (GBP/USD) managed to reverse off Asian session lows before closing near day highs above 1.5800

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