GBP Trading Outlook (08-10-2012)

The Sterling (GBP) the GBP/USD ended lower on the day after failing to hold onto gains and the USD pushed back into the weekend. The positive risk appetite is letting the GBP/USD remain above 1.6000 but we are in no hurry to push to higher levels with sellers in control above 1.6200. Looking ahead, Eurogroup Meeting. Also August German Industrial Production forecast at -0.7% vs. 1.3% previously

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