GBP Trading Outlook (07-03-2012)

The Sterling (GBP) fell in sympathy with the Euro with the EUR/GBP cross remaining dead flat suggesting traders happy to let the Euro lead up to the major event risk tomorrow. Halifax House Prices fell -0.5% in February for a -1.9% annual race. Looking ahead, German Industrial Orders forecast at 0.5% vs. 1.7% previously.

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