GBP Trading Outlook (05-04-2012)
The Sterling (GBP) the GBP/USD fell back for a second day in Europe but then took advantage of the EUR/GBP weakness to gain back its losses on Cable. The GBP/USD was the strongest currency in the market only two days ago as it recent government budget suggests it has it spending in check.Looking ahead, BOE Rate announcement forecast to hold at 0.5% and no QE expansion.
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