GBP Trading Outlook (21-01-2013)
The Sterling (GBP) broke 1.6000 finally and crashed through to 1.5850 on the back on growing concerns that the UK will distance itself from the EU. PM Cameron has a critical speech planned on the subject this week and traders will be carefully digested his comments to gauge the conservatives long term European plans. Looking ahead, German PPI forecast at 0.0% vs. -0.1% previously.
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