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Industry Outlook For GBP USD As On January 9
January 9, 2012

NEW YORK, January 9 (FinanceEnquiry.com) - As per the technical, the GBP/USD pair is expected to consolidate at 1.5345 in an attempt to stabilize and start to recover from there, while a rally is likely to stay for a short period. The initial resistance and support level may be cited at 1.5671 and 1.5363.


According to Bank of New York Mellon, when it comes to the issue of ugly currencies among dollar, sterling and euro, sterling stands at the second place. The trader

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