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GBP Trading Outlook (19-10-2012)

The Sterling (GBP) was sold aggressively with US stocks as Google results were released by mistake early and badly missed forecasts. The risk sensitive Pound fell back below 1.6100 to 1.6040 and is stable in Asia so far. Earlier in the day we saw day highs above 1.6160 after September Retail Sales at 0.6% vs. 0.4% previously. Looking ahead, EU Economic Summit continues. Also September Germany PPI forecast 0.3% vs. 0.5% previously.

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