GBP Trading Outlook (17-07-2012)
The Sterling (GBP) was the strongest currency in the market gaining against the USD and Yen and also making small gains against other risk assets with the UK seen as a better bet than the Euro for going forward. EUR/GBP broke 0.7850 and is making daily fresh lows. Looking ahead, German July ZEW forecast at 30 vs. 33 previously. Also June Retail Sales forecast at 0%.
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