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GBP/USD trades near 1.2700 after blended UK information
GBP/USD continues to vary in a narrow channel at around 1.2700 in the European early morning on Friday. The information from the UK revealed that Retail Sales more than anticipated in November. On an unfavorable note, Q3 GDP development got modified lower.
EUR/USD drifts listed below 1.1000 followed by a two-month high
EUR/USD hovers listed below the mental resistance at 1.1000 level after drawing back from the three-week high at 1.1012. The set got upward assistance from a less dovish tone surrounding the ECB, as compared to the raised speculation of the Fed to reduce financial policy in the very first quarter of 2024.
2023: A year of shift with lots of surprises
2023 has actually brought us lots of surprises: the durability of the labour market in the United States and the Eurozone, the level of financial tightening up, the danger hunger of financiers. The greatest surprise was the development efficiency of the United States economy.