GBP Trading Outlook (07-08-2012)

The Sterling (GBP) THE GBP/USD was under pressure for most of the day down from 1.5650 to 1.5550. Constant EUR/GBP buying weighed and could hamper further rallies for the major. UK Halifax House Prices fell -0.6% vs. -0.5% forecast m/m. Looking ahead, June Industrial Output forecast at -3.4 vs. 1% previously

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