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GBP Trading Outlook (23-08-2012)

The Sterling (GBP) the GBP/USD surged towards 1.5900 on the back of the weak USD and is targeting 1.6000 in coming sessions with the uptrend in play. EUR/GBP is actually holding at the 0.7900 and could dip lower as the GBP holds its own against the Euro and traders still preferring the British Pound. Looking ahead, Q2 German GDP Final forecast unchanged at 0.3%. Also EU flash Manufacturing PMI forecast at 44.1 vs. 44 previously.

Back to GBP Trading Outlook Archive

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