GBP Trading Outlook (18-01-2013)

The Sterling (GBP) was the weakest currency in the market overnight with the out of fashion Pound being sold through 1.6000 and struggling to bounce with the EUR/USD rally in the US session. GBP/JPY is still supportive on dips and is helping stem the GBP/USD downside move. Looking ahead, UK December Retail Sales forecast at 0.2% vs. 0.0% previously.

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