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Sterling little changed in a quite Monday trade

Despite small rebound on Friday which was supported by better than expected Manufacturing Production and Trade Balance figures Sterling remains under pressure as recent PMI data showed weaker than forecasted figures, while if it is to believe to analysts we can expect slowdown in GDP growth in fourth quarter, overall.
 
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Euro lower in an uneventful Monday's session

It is an uneventful Monday's session and there will be no major data releases from Eurozone in the rest of the week, so what we can expect is that euro will mostly depend on global concerns as well as speculations on possible ECB monetary steps at their next meeting on January 22.

Sterling finished the year lower than expected

Sterling finished the year around 1.5580 area. This was much lower than initial analysis at the beginning of 2014 were placing it. In the course of the year Sterling came as high as 1.70 handle. However, after economic growth slowdown in the second part of the year and announcements from BoE officials that interest rate hike, which was expected in 2014 would not happen before the end of 2015 or even in 2016 Sterling started to decrease.
 
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Sterling little changed at the beginning of the week

There were no data releases from the UK today, however Sterling still remains on the downside as low inflation in the UK has pushed back market expectations of an interest rate rise as far as 2016. Another factor that added to the concerns is that UK unemployment was unchanged at 6.0% in three months to November, while decline to 5.9% was expected. Final GDP reading showed 0.7% growth in third quarter, but BoE is announcing a possible slowdown at the end of the year.
 
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