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GBP review

Western Union notes in a report on Wednesday:

  • A mixed U.K. pound held near seven-year peaks versus the euro but also around early February lows against the greenback. Sterling sentiment has turned increasingly vulnerable of late with a May election, seen as super close, drawing closer. 

  • Britain's relatively rosy fundamental backdrop suffered a mild setback today in weaker than expected news on Britain factory growth. Industrial output unexpectedly fell by a sliver (- 0.1%) in January. 

  • Data Thursday is forecast to show Britain's trade deficit narrowed to £9.70 billion in January from more than £10 billion in December, news that if realized could help temper risk of further weakness against the greenback. 

  • Market Data
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