GBP Trading Outlook (13-03-2012)

The Sterling (GBP) a weak performance overnight as the major tested 1.5600 and failed to track the Euro rebound and suffered on the Crosses. GBP/JPY is a safer way of buying the Pound with Yen weakness countering the recent Cable selloff. Looking ahead, March German ZEW survey forecast at 42.5 vs. 40.5 previously. Also ECB President Draghi speaks.

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