GBP Trading Outlook (13-01-2012)

The Sterling (GBP) was muted and left behind in the risk on rally yesterday with the EUR/GBP short covering keeping the GBP/USD at the 1.5300 level. The BOE held at 0.5% and kept the Asset purchase program at 275BN as widely expected. The market is cautious to get long in the GBP/USD when the Euro and AUD is providing a much safer short term option in recent trading sessions. Looking ahead, December PPI forecast at 0% vs. 0.2% previously m/m.

Back to GBP Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.