The pound outperformed almost all its major counterparts, and managed to trade above 1.3600 against the weak dollar for the first time since the 20th of September. In the US, the spotlight will fall on the minutes from the latest FOMC gathering.
Sterling Continues to Surge; Breaks above 1.3600 Against the Wounded Dollar
The pound gained against all but one of its G10 peers yesterday, despite the more-than-anticipated slide in the UK manufacturing PMI for December. The only exception was NOK, against which the British currency traded virtually unchanged.
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