GBP Trading Outlook (18-10-2012)

The Sterling (GBP) found resistance at 1.6180 overnight before easing back to 1.6140 be the close. The outlook is positive with strong global stock markets supporting. The MPC minutes showed a 9-0 vote as expected to leave things unchanged. Looking ahead, UK September Retail Sales forecast at 0.4% vs. -0.2% previously.

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