GBP Trading Outlook (24-02-2011)
The Sterling (GBP) was supported on MPC minutes which showed the rate committee split 6-3 on whether to hold or raise rates at this month&rsquo s meeting. Cable Closed above 1.6200 and is well supported. Overall the GBP/USD traded with a low of 1.6155 and a high of 1.6277 before closing the day at 1.6215 in the New York session. Looking ahead, February CBI Distributive Trades previously at 37.
Back to GBP Trading Outlook Archive