GBP Trading Outlook (21-10-2011)

The Sterling (GBP) September Retail sales jumped 0.6% vs. 0.0% forecast in a positive release but the market was in no mood to buy GBP/USD aggressively in the European session and continued to trade in a 1.5700-5800 range. Looking ahead, September Public Debt forecast at 12bn vs. 13bn previously.

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