GBP Trading Outlook (27-09-2012)

The Sterling (GBP) the path of least resistance was downside overnight with losses mounting in the European session and fresh week lows below 1.6150 seen before the broader reversal in the US session tracking the EUR/USD higher. Looking ahead, Q2 Final UK GDP forecast at -0.5% vs. -0.5%. September Unemployment Change forecast at 10k vs. 9k previously.

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