Pound-Aussie has hit major support at 2.0470 and is bouncing, however, its too early to call this a recovery..
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The euro continues strengthening versus the pound as data from the euro-zone outstrips expectations, but how long will it last?
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The pound pared gains on Tuesday after Public Sector spending beat estimates; the longer-term technical picture, however, remains biased to the upside.
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FX forecaster's at Deutsche bank see it as the pound's turn to weaken in 2016; whilst they revise up their EUR/USD outlook and discuss potential leading macro themes and their impact on FX.
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Despite better than expected UK Retail Sales, GBP lost ground, partly from the threat of Brexit; now it has reached support, however, and there is a chance of short-term recovery taking shape.
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GBP/EUR: after going sideways for 9-days the pair still sees risks skewed to the downside.
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Above-expectation Retail Sales figures in November, help sterling recover after recent lower-than-expected wage data had weighed, due to delaying BOE hike time-line.
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