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GBP Trading Outlook (12-03-2012)

The Sterling (GBP) the GBP/USD tracked the Euro lower with buyers losing faith in the recent rally and instead now searching for support as we approach 1.5650. The outlook depend on whether this recent run of USD strength is a blip or start of something longer term as stock markets are holding up rather well and usually the GBP would be much better in such an environment. Looking ahead, German WPI forecast at 1 vs. 1.2% previously.

Back to GBP Trading Outlook Archive

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