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Sterling little changed in a steadier European part of session

Despite weaker than expected GDP figures that showed only 0.5% growth in a fourth quarter, Sterling managed to rebound during the yesterday's session. This shows that Sterling is actually going through consolidation with a support around 1.50 handle and resistance near 1.53 area.
 
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BoE Forbes said rate hike could happen sooner than expected

Bank of England Kristen Forbes in a Wall Street Journal interview said she is optimistic about the global economy’s prospects given robust growth in the U.S. and the potential for cheap oil to boost consumption and investment in the U.K. and elsewhere.

Sterling little changed in a tighter-range Tuesday's session

Sterling was little changed in a tighter-range Tuesday's session. Markets are still weighing on possible deflation pressure in the UK, ahead of tomorrow's job figures and BoE Meeting Minutes. In his recent interview BoE Governor Mark Carney said  that ‘'It’s possible that prices will fall in a given month on a year-on-year basis. That’s possible.'’ Decline should happen due to the fall in oil and food prices. 

Sterling in stable above 1.51 area

It is a steadier Monday's session for Sterling as there is no data releases from the UK. Though, slowdown in British economy is obvious, and BoE is forecasting slower GDP growth in fourth quarter, all figures show that UK is still in a phase of expansion, unlike Eurozone. However, since UK is part of EU, slowdown in Eurozone economy could have negative impact on UK as well, at least in trading activity. 
 
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