Sterling comeback?

Dollar and Euro Currency

Sterling has regained much of its composure, clawing back most of its losses from yesterday’s trading. Market optimism that European policymakers are taking measures to insulate banks from the region’s debt crisis seem to outweigh Moody's Investors Service downgrade of debt ratings of twelve UK financial institutions. In today’s session, the talk will undoubtedly be dominated by the run up to this month’s US non-farm payroll release.

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