GBP Trading Outlook (08-01-2013)

The Sterling (GBP) GBP/USD took advantage of the Dollar weakness grinding back above 1.6100 and is well positioned to test higher now the market has stabilized. December Halifax gained 1.3% vs. 0% forecast m/m. Looking ahead, German November Trade Balance forecast at 15 vs. 15.2bn previously. November Industrial Orders forecast at -1.4% vs. 3.9% previously

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