GBP Trading Outlook (08-09-2011)

The Sterling (GBP) was the noted underperformer in the market failing to get back above 1.6000 with some weak economic data leading to more speculation that the BOE might increase the Asset purchase program at today&rsquo s MPC meeting. July Industrial Production -0.2% vs. 0.0% forecast m/m. Looking ahead, BOE Rate announcement forecast at hold at 0.5% and Asset Purchase to remain at 200bn.

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