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UK CBI distributive trades survey weakens in November

FXStreet (London) - The UK CBI distributive trades survey showed a volume of sales at +27 in November, from +31 in October and down on consensus estimates of +28.

Sales volume for the time of year came in at -2 in November versus -10 in October.

Volume of orders according to the CBI survey came in at +4 in November against +12 in October.

Bunds to see a correction – RBS

Dmytro Bondar, Technical Analyst at RBS, sees a correction in Bunds at the 152.47 resistance, anticipating a pull-back towards 152.00 level.
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GBP/USD pressuring the top of the range – FXStreet

According to Valeria Bednarik, Chief Analyst at FXStreet, the consolidative mode for GBP/USD will continue only for the short term as the pair is seen pressuring the top of the range.
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