GBP Trading Outlook (23-07-2012)

The Sterling (GBP) the EUR/GBP continued to fall under 0.7800 and helped to limit the losses the GBP/USD which fell from 1.5700 to 1.5600. The UK is looking like a safer place for investors to store their capital while the slow burning European crisis continues. Looking ahead, focus on the European Debt Crisis and Spanish and Italian Yields will continue. No major economic data released.

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