GBP Trading Outlook (30-10-2012)

The Sterling (GBP) the GBP/USD fell back to the lower 1.60’s with little news and activity given the US Traders away. Some attention was paid to BOE Dale comments that Q4 GDP will likely be a lot lower than the positive Q3 print. Looking ahead, October CBI Realized Sales forecast at 7 vs. 6 previously. Also ECB President Draghi speaks.

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