GBP Trading Outlook (19-09-2012)

The Sterling (GBP) the GBP/USD held gains against the USD and gained across the other currencies as the outperformance continued. EUR/GBP fell to 0.8030 and is eyeing a retest of the 0.8000 level. GBP/JPY back at Y128 and will be looking retest the critical Y130 level. Looking ahead, September UK MPC forecast at 9-0 unchanged.

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