The Sterling (GBP) did well as sentiment improved gaining towards 1.5500 on the major and not losing much ground against the Euro. The GBP/JPY has also been underperforming lately and sharp buying in the cross along with GBP/AUD short covering helped underpin the Cable move higher. A positive Greece deal may see the relief rally continue. Looking ahead, December Retail Sales forecast at 0.6% vs. -0.4% previously m/m.
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