GBP Trading Outlook (06-02-2012)

The Sterling (GBP) the GBP/USD eased slightly as the USD remained stable post jobs number and the Euro fell. The EUR/GBP did continue to test support under 0.8300 however and we are looking to the BOE rate announcement this week for further information about the UK monetary policy outlook as well as the ECB meeting for its counter. Looking ahead, BRC Retail Sales previously at 2.2%.

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