GBP Trading Outlook (06-07-2012)
The Sterling (GBP) the GBP/USD had its own central bank interest rate meeting overnight and the bank did as forecast holding at 0.5% and increased the Asset purchase program to 375bn vs. 325bn previously to help liquidity and lending in the UK banking sector. GBP/USD was supported near the 1.5500 but the fate with be linked with the EUR/USD which is dragging most majors lower. Also ahead, June UK PMI forecast at -0.2% vs. -0.2% previously. May German Industrial Production is forecast at 0.1% vs. 2.2% previously.
Back to GBP Trading Outlook Archive
