GBP Trading Outlook (25-10-2011)

The Sterling (GBP) the GBP/USD tested 1.6000 for most of the US session consolidating just under the big figure. EUR/GBP remained steady with the two majors moving in lock step. The outlook is largely linked to the Euro still and most traders are sidelined ahead of the EU summit announcements. Looking ahead, Q2 Current Account forecast at -9.3bn vs. -9.35bn previously.

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