Market’s buoyed by festive cheer

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There is a “risk-on” sentiment in the markets today as traders are becoming increasingly confident over the improving situation in the US. Following yesterday’s upbeat US economic reports, today is likely to see further evidence from the latest US consumer spending and home sales figures, to reinforce this dynamic. The upward revision of UK GDP numbers yesterday, coupled with the backing of Italian Senators to the nation’s austerity package, augurs well for improved sentiment in high yield currencies.

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Market’s buoyed by festive cheer

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