GBP Trading Outlook (26-04-2012)

The Sterling (GBP) fresh GBP/USD buying saw 1.6180 tested a few more times with the level yet to break but most seeing more gains as the uptrend continues. The EUR/GBP is struggling to make fresh lows as the EUR/USD plays catch up but we shall see in coming days whether 0.8200 can be reclaimed or 0.8150 will be retested. Also ahead, April CBI Distributive Trades forecast at -4 vs. 0 previously.

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