The Sterling (GBP) was broadly linked with the Euro trading higher in Asian before reversing to fresh monthly lows. November UK Public borrowing increased to GBP22.8bn vs. 8.6BN previously. Concerns about the pace of the UK recovery remain and the 2011 outlook is very mixed. Overall the GBP/USD traded with a low of 1.5434 and a high of 1.5571 before closing the day at 1.5475 in the New York session.
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