GBP Trading Outlook (30-01-2012)

The Sterling (GBP) the GBP/USD rallied towards 1.5700 and closed above the figure. Gains have not matched the Euro which is gaining ground and testing 0.8400 on the EUR/GBP cross. Cable traders are looking forward to the MPC rate meeting next week with some expectations the UK central bank may increase its own form of Quantitative easing.

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