Mid-Day Report: Sterling Pares Gains Despite Solid Data, Gold Makes New Record High

By | June 18, 2010

Sterling fails to maintain earlier gains in spite of better than expected data released from UK today. Mortgage approvals rose slightly to 51k in May while public sector net borrowings rose less than expected to GBP 16b in may. Nevertheless, markets hesitated to push sterling further through fibonacci resistance against View full post on Action Insight (All Reports)


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