GBP Trading Outlook (30-08-2012)

The Sterling (GBP) Cable was stronger than most holding above 1.5800 and testing 1.5850 yesterday as traders remain bullish. GBP/AUD is continuing to rally and is pushing towards 1.5300. Looking ahead, German August Unemployment Change forecast a t8k vs. 7k previously. Also July UK Mortgage Approvals forecast at 47k vs. 44.2k previously.

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