GBP Trading Outlook (23-05-2012)

The Sterling Pound (GBP) slid despite CPI numbers coming in on expectations. Although the EURGBP cross managed to trade above the 0.8100 figure, the Sterling Pound was largely reflective of a weaker Euro, and a rampant greenback, pushing the GBPUSD lower from levels near 1.5850 to lows of 1.5740

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