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Uncertainty in markets clear as the........>

STERLING
STERLING: Uncertainty in markets clear as the pound didn't know which way to
turn on the release of the data. GBP/USD sheds 20pips or so as the release is
digested. Main takeaway appears to be that wages data is noisy: Dec ex-bonus
wages beat by 0.1ppts, but November's numbers were revised down 0.1ppts. GBP/USD
already bouncing 15 pips from the new lows of $1.3928.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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