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Pounds to Dollars 26 Jan 2011

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Pound Dollar Chart 26 Jan 2011

My post on pounds to dollar pair which is posted on my personal blog. ¬† Markets now waiting for outcome of this evening’s FOMC meeting and despite yesterday’s appalling UK gdp figures sterling may in fact bounce back.

Key technical areas:  Must break above USD1.5927 which would open way for re-test of USD1.6023

GDP takes toll on pound