GBP Trading Outlook (04-07-2012)

The Sterling (GBP) the GBP/USD was even more stable than the EUR/USD with 1.5700 containing a few attempts higher. The BOE meeting is expected to result in an increase in the Asset Purchase Program by 50bn. UK PMI was lower than expected at 48.2 vs. 53.3 forecast. Also ahead, June EU PMI Services forecast at 50.3 vs. 51.8 previously.

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