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Sterling rebounded after initial decline

There are no data releases from the UK today, however, Sterling aimed lower, initially in the session, but managed to rebound, currently being traded around 1.5590 level. Sterling is still being influenced by NFP figures, released on Friday, that showed much better than forecasted data. This indicates stability on US labour market as well as fall in number of unemployed, which could mean that Fed could be raising its interest rates sooner than expected.

 

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