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STERLING: Selling pressure going through in USD/JPY prompts a (very) modest
recovery effort in GBP/USD which manages to erase the losses seen over the past
few hours. There's a still a way to go before turning flat on the day with the
intraday high at $1.3582 not looking threatened in the slightest.
UK markets turn to tomorrow's industrial and manufacturing production figures
which are not expected to repeat the performance seen in Manufacturing PMI
numbers since November, with both Y/Y figures seen slowing by over 1ppt apiece.
These numbers (alongside November Trade Balance data) are due at 0930GMT