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GBP Trading Outlook (15-02-2013)

The Sterling (GBP) Heavy EUR/GBP selling help slow the GBP/USD losses overnight where the market found support at 1.5480 before stabilizing at the figure. GBP/JPY selling has accelerated however and so the major is likely to continue to be under pressure with a significant change in market mood. Looking ahead, January Retail Sales forecast at 0.5% vs. -0.1% previously. Also December European Trade Balance forecast at 13bn vs. 13.7bn.

Back to GBP Trading Outlook Archive

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