GBP Trading Outlook (20-10-2011)

The Sterling (GBP) the MPC minutes came in at 9-0 voting for the expansion of the QE program at October&rsquo s meeting. The market was less keen to sell the GBP though and we saw EUR/GBP edging lower for most of the day. GBP/USD broke above 1.5800 before stabilizing. Looking ahead, September Retail Sales forecast at 0.0% vs. -0.2%.

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