GBP Trading Outlook (12-06-2012)
The Sterling (GBP) the GBP/USD followed the EUR/USD lower but was able to make headway on the EUR/GBP which fell sharply to 0.8050. The outlook is not good for the cable with market already selling on rallies and the proximity of the EU means any major event will affect the UK directly. Looking ahead, April Industrial Output forecast at 0.1% vs. -0.3% previously
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