The Sterling (GBP) tested support at 1.5500 and then resistance at 1.5600 as range trading continued. UK Halifax House Prices fell -1.3% in December and continues a string of recent bad data. Inflation in 2011 will be key for GBP strength or weakness. Overall the GBP/USD traded with a low of 1.5473 and a high of 1.5606 before closing the day at 1.5585 in the New York session.
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