GBP Trading Outlook (12-11-2012)

The Sterling (GBP) ended the week on the back foot down at the 1.5900 level with risk aversion weighing and crosses failing to support. EUR/GBP remains close to the 0.8000 level but GBP/JPY has fallen to Y126 down from Y129 at the start of last week. Looking ahead, Eurogroup meeting.

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