Cautious Market

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Worries over the European debt crisis have abated somewhat this morning. This follows yesterday’s market concern over higher than expected borrowing costs at the French bond auction. Markets now await the release of crucial consumer confidence, retail sales and unemployment data from the Eurozone later today. Across the Atlantic, monthly non-farm payrolls data today is expected to confirm the uptrend in the economy. At home, with a quiet day in terms of economic releases, Sterling is expected to take direction from releases in the Eurozone and the US.

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