The Sterling (GBP) the Pound spent most of the day in recovery mode rebounding from 1.5700 to 1.5760 in a quiet grind higher. The recent selling in the Pound is anticipating of further QE from the BOE or at least Jawboning from the BOE Members and new BOE Governor Carney (starts July 2013). Looking ahead, December UK Mortgage Approvals forecast at 54.5k vs. 54k previously.
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