Sterling gains

Posted by 7Star Wednesday, January 13, 2010

Sterling gained on Tuesday after data showed the Britain's trade deficit narrowing more than forecast and a strong rise in UK retail sales. Britain's global goods trade gap narrowed to 6.784 billion pounds in November from 7.016 billion in October, against forecasts for a bigger 7.0 billion pound shortfall, as imports fell 0.8 percent and exports rose 0.1 percent.

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