GBP Trading Outlook (07-01-2013)
The Sterling (GBP) underperformed the Euro with the EUR/GBP grinding higher but the general theme was the same with selling early in the day and a relief rally late in the US session. The outlook for 2013 will be greatly affected by the new BOE Governor Carney from Canada and whether the market is ready to test the US FED on its monetary policy outlook. Looking ahead, December Halifax House Price forecast at 0 vs. 1 previously.
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