GBP Trading Outlook (29-10-2012)

The Sterling (GBP) had a very quiet end to the week falling back to 1.6100 after finding resistance at 1.6140 twice. The flat US stocks hurt sentiment and prompted a small pullback but EUR/GBP selling supported again with the pair remaining just above the 0.8000. Looking ahead, German CPI forecast at 0.0% m/m.

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