GBP Trading Outlook (11-06-2012)

The Sterling (GBP) the GBP/USD is soaring with the rest of the market on Monday playing catch-up with other majors as traders have been cautious going long after so much selling in recent weeks. The EUR/GBP is hampering gains with the important cross moving to 0.8160 vs. below 0.8100 last week. Looking ahead, no economic data today.

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