GBP Trading Outlook (07-09-2011)

The Sterling (GBP) followed the Euro movements broadly, rallying on GBP/CHF flows before reversing sharply and breaking 1.6000. EUR/GBP moved up above 0.8800 on talk the BOE may increase the asset purchase program at tomorrow&rsquo s rate meeting. Looking ahead, July Industrial Output forecast at 0% m/m.

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