GBP Trading Outlook (09-07-2012)

The Sterling (GBP) the USD strength on Friday sent Cable to its final big support at 1.5450. The outlook is for more USD strength unless there is FED easing or the EUR/USD can find support. EUR/GBP is a source of constant support but this cannot continue forever. Also ahead, ECB President Draghi and UK MPC member Tucker are scheduled to speak.

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