Sterling to track Retail Sales

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The Bank of England’s (BoE) policy meeting minutes released yesterday suggest there is a higher risk to the UK economy, and the move to increase bond purchases from £200 billion to £275 billion was unanimous. For today, the direction of Sterling against the Euro is anticipated to be driven by the release of the UK retail sales data, which is expected to be largely positive.

The euphoria surrounding the outcome of the European Union (EU) summit on 23 October 2011 seems to have ebbed a little, as European policymakers, at a meeting in Frankfurt yesterday, failed to resolve differences on measures to contain the sovereign debt crisis.

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Sterling to track Retail Sales

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