GBP Trading Outlook (07-05-2012)

The Sterling (GBP) the GBP/USD was not immune to the EUR/USD selling but was supported as the EUR/GBP slumped. The EUR/GBP is below 0.8100 and is going towards 0.8100. Looking ahead, March German Industrials Orders forecast at 0.5% vs. 0.3% previously.

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