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GBP Trading Outlook (13-07-2012)

The Sterling (GBP) the GBP/USD broke 1.5450 overnight and closed under the figure but the follow-through selling was mild and we are sitting just under the key support as we enter European trade on Friday. Some support is being seen from EUR/GBP selling but the main driver is stocks which are trending lower lately. The ongoing Libor banking scandal is also threatening to damage the UK banking sector and not helping sentiment at all. Looking ahead, no data tonight.

Back to GBP Trading Outlook Archive

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