GBP Trading Outlook (28-05-2012)

The Sterling (GBP) the GBP/USD found support at 1.5650 but is struggling to bounce off the Greece news as EUR/GBP is rebounding as well. The market is oversold on the short term and we could see a move back to 1.5800 if the sentiment improves. Looking ahead, Bank holiday in Europe but UK is open as normal.

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