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Friday, March 10, 2006

GBP/USD Keeping Sideways

The key number this morning is the U.S. non-farm payroll number, which came in at 243,000 for February, with the jobless rate rising to 4.8%. Taking into account some downward revision to last month's figure, today's number is just about on-target. After yesterday's record trade deficit, today we will learn about the other twin to the U.S. "twin deficits", the USD Treasury Budget for February, which is expected to show a shortfall of $118b. Read More....