GBP Trading Outlook (28-02-2013)

The Sterling (GBP) GBP/USD was range bound consolidating recent losses but unable to track the other risk assets higher. GBP/JPY was the main support and broke above Y140 in Asia today after the Bernanke led Yen selloff. Looking ahead, February German Unemployment Change forecast at -5 vs. -16. February Unemployment Rate forecast at 6.8% vs. 6.8% previously.

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