GBP Trading Outlook (15-08-2012)

The Sterling (GBP) the GBP/USD remained close to the 1.5700 level but could not push above the level once again with USD strength in the US session. GBP/JPY is supporting the major with a nice move higher yesterday on the back of the USD/JPY. Looking ahead, August MPC Vote forecast at 0-9-0. Also July UK Claimant count forecast at 6k vs. 6.1k previously.

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