GBP Trading Outlook (18-12-2012)
The Sterling (GBP) was sidelined by profit taking and demand on dips for GBP/USD. Cable hugged the 1.6200 figure for most of the US session and the Asian session so far Tuesday. Looking ahead, November UK CPI forecast at 0.2% vs. 0.5% previously. Also ahead, November Retail Prices forecast at 3.2% y/y.
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