GBP Trading Outlook (04-03-2013)
The Sterling (GBP) The GBP/USD was similar to the EUR/USD breaking a key big figure at 1.5000 but bouncing into the close and consolidating in Asia so far. The market is aggressively bearish on the Pound and could fall significantly further with the Bank of England poised to continue its QE program. Looking ahead, UK February Construction PMI forecast at 49 vs. 48.7previously.
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