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10 Dec 2014
Sterling trades flat – BBH
FXStreet (Barcelona) - The BBH Research Team notes that Sterling trades flat around the mid-point of today’s quarter cent range.
Key Quotes
“The UK reported a GBP2.024 bln trade deficit. It was nearly 20% smaller than expected, and is the smallest shortfall since March. The UK runs a large deficit in goods (~GBP9.6 bln). It runs a large, but not as large, surplus on services (~GBP7.6 bln).”
“Sterling is flat on the day. It has largely traded in a quarter cent range on either side of $1.5675. For the better part of the past two week, sterling has flirted with the 20-day moving average, but has failed to close above it. It is found at the mid-point of today’s range.“
Key Quotes
“The UK reported a GBP2.024 bln trade deficit. It was nearly 20% smaller than expected, and is the smallest shortfall since March. The UK runs a large deficit in goods (~GBP9.6 bln). It runs a large, but not as large, surplus on services (~GBP7.6 bln).”
“Sterling is flat on the day. It has largely traded in a quarter cent range on either side of $1.5675. For the better part of the past two week, sterling has flirted with the 20-day moving average, but has failed to close above it. It is found at the mid-point of today’s range.“