GBP Trading Outlook (24-10-2012)

The Sterling (GBP) the risk sensitive pound was already on the back foot yesterday before US stock losses and we broke 1.6000 support convincingly now. BOE Governor King spoke yesterday about the banks QE program and would be ready to inject more if the economic recovery falters. EUR/GBP in edging higher at 0.8140 and could enter an uptrend if the GBP/USD continues to slide. Looking ahead, October German Flash Manufacturing PMI forecast at 48 vs. 27.4 previously. Also ECB President Trichet Speaks to German Parliament.

Back to GBP Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.