Sterling surging against the Euro

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A robust reading on the third quarter Gross Domestic Product (GDP) is driving the Pound higher against the Euro. Persistent pessimism in the Eurozone, further elevated by Greek Prime Minister’s pledge to hold a referendum, has made matters worse for the Euro. Take advantage of the shift in GBPEUR rates, call us now.

Meanwhile, the official Chinese manufacturing Purchasing Managers’ Index (PMI), released this morning, was below expectations, leading to investor worries about the global economic recovery, resulting in higher risk aversion.

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Sterling surging against the Euro

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