GBP Trading Outlook (24-11-2011)

The Sterling (GBP) also weakened against the USD tracking negative sentiment across all markets. In domestic news, the BoE minutes showed a unanimous 9-0 vote to keep rates at 0.5%, whilst continuing with an additional GBP 75 Billion in asset purchases. The Sterling pound fell off highs near 1.5655 in Asia to trade at lowest levels since Oct 7 below 1.5500

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