The Sterling (GBP) bucked the trend of the other majors able to rally sharply and take advantage of the Euro weakness. December UK Mortgage approvals gained to 52.9k vs. 52.6k previously but are still at very low levels historically. The GBP/USD tested 1.5800 and EUR/GBP fell to 0.8300. Looking ahead, January Nationwide House prices forecast at 0 vs. -0.2% previously.
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