GBP Trading Outlook (24-01-2012)

The Sterling (GBP) Cable move to 1.5600 but failed to break above with EUR/GBP buying capping the Cable gains. The outlook is bullish short term but as always we looking to development in the Eurozone for sentiment. Some are looking for the BOE to increase the Asset purchase program at February’s interest rate meeting. Looking ahead, December Public Sector Debt forecast at 12.4bn vs. 15.2bn previously.

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