GBP Trading Outlook (22-05-2012)

The Sterling Pound (GBP) was also subject to contained moves, as focus shifted to a slate of domestic data in the later part of the week, led by Tuesday’s CPI release. The Sterling Pound traded either side of 1.5810 throughout much of the day. The EURGBP traded slightly higher, moving in to an upper parallel trend channel with a range of 0.8060 – 0.8100

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