GBP Trading Outlook (24-09-2012)
The Sterling (GBP) managed fresh year highs above 1.6300 during the European session but reversed sharply in the US session dragged down by weaker stocks and Euro. The outlook is for more gains but there is still some event risk from Spain this week and Greece Troika report. Looking ahead, September IFO German Business Climate forecast at 102.5 vs. 102.3 previously
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