GBP Trading Outlook (12-10-2010)
The Sterling (GBP) eased further in Asian trade on Tuesday, as RICS house price index fell to -36 from -32, to record it lowest reading since May 2009 whilst BRC retail Sales also fell to 0.5% from previous 1.0%, justifying the BoE&rsquo s disregard to near term inflationary pressures. The GBP traded with a low of 1.5870 and high 1.5962 before closing the day at 1.5871. CPI figures for the month of September are due for release with forecast at 05%/3.1% (mm/yy)
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