GBP Trading Outlook (16-12-2011)

The Sterling (GBP) GBP/USD broke back above 1.5000 as sentiment improved in the European session. Economic data was weak with November Retail Sales falling -0.4% vs. 1.0% previously. Also CBI Industrial Orders slipped to -23 vs. -19 previously. EUR/GBP broke below 0.8400 and is stable just under the figure.

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