The Sterling (GBP) was under heavy selling pressure after weak jobs numbers with the unemployment rate jumping to 7.9% vs. 7.7%. Cable slid to the 1.55 handle with very limited bounce. Overall the GBP/USD traded with a low of 1.5529 and a high of 1.5772 before closing the day at 1.5560 in the New York session. Looking ahead, November Retail Sales are forecast at 0.4% vs. 0.5% previously.
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