GBP Trading Outlook (28-08-2012)

The Sterling (GBP) the GBP/USD eased for a third day back under 1.5800 and the uptrend in under threat if 1.5750 breaks today. The general outlook is linked with the Euro and Friday’s USD event will also be a big mover for the Pound. Looking ahead, German GFK Consumer Sentiment is forecast at 5.9% vs. 5.9% previously.

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