GBP Trading Outlook (17-01-2012)

The Sterling (GBP) the GBP/USD kept above the 1.5300 and move up to 1.5340 in quiet trade during the European session. The market is still looking to push EUR/GBP lower but is struggling to break 0.8250. Some traders believe that the UK rating may come into question soon so are cautious on expressing any improvement in risk appetite through buying the GBP/USD.

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