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Monday, July 24, 2006

Sterling: Solid Performer

The market sold Dollars Friday, in the absence of any new data, and now looks ahead to a fresh week of releases. While the UK and European market is a bit thin this week, there will be a fair amount of data on the U.S. calendar. Perhaps the most telling new information will be the housing data, which is expected to show continued softness and confirm suspicions that the 2 nd half will see growth taper. Read More....