GBP Trading Outlook (21-08-2012)

The Sterling (GBP) was extremely quiet pivoting the 1.5700 level tracking the ups and downs of the EUR/USD. Major resistance is just above near 1.5750. Looking ahead, July UK Public Sector Net Borrowing forecast at -2.7bn vs. 12.1bn previously. August CBI Orders at -8 vs. -6 previously.

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