GBP Trading Outlook (23-08-2011)
The Sterling (GBP) pivoted the 1.6500 level tracking the ups and downs of the stock markets but was very contained with the outlook linked to Friday&rsquo s Jackson hole speech from Fed&rsquo s Bernanke. The lack of volatility is giving traders a breather after two weeks of extreme volatility. Looking ahead, August CBI orders forecast at -13 vs. -10 previously.
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