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Old 04-20-2012, 04:51 AM
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Default GBP/USD Reaches 5 Month High on the Heels of Positive Retail Sales Data

GBP/USD reached it's highest point since November 10th 2011 after today's news that UK retail sales surged in March.

The Bank of England's latest meeting cast doubt among analysts on the prospect of further QE in the near term, which has also helped to strengthen the GBP against it's major counterparts.

GBP/USD Daily Chart



Chart courtesy of thinkorswim
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