Sterling Digest: March 30, 2012

• Posted by faithmight
• on March 30th, 2012

A choppy week has given away to sterling strength with $GBPUSD breaking above the major psychological level at 1.60. Traders say month end flows are to blame for sterling strength when its fundamentals hold a more ominous outlook for the currency. BoE next week will continue these breakouts and trigger some profit-taking as most pairs sit GBP bullish at key levels into the weekend …despite the headlines.

• BOE QE Debate Seen In Flux Again As Data Turn Sour (Forex Live)
• U.K. Consumer Confidence Fell in March Amid Government Squeeze (Bloomberg)
• UK PROBABLY SHOULDN’T PRESS ITS DEBT-DURATION LUCK (Dow Jones)
• UK in talks to sell part of RBS stake to Abu Dhabi (BBC)
• The third British Empire (Al Jazeera)
• GBPUSD Pushes Above The Two Month High Today (Forex Live)
• EURGBP Update (50′s Blog)
• GBPJPY trendline break (Chart.ly)

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