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European Unions statistic agency

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Another week and Sterling has pretty much started where it left off on Friday. USD is still looking a good buy at the moment as is the Euro and we could see some further gains depending on what data comes out during the rest of the week.

The Euro-zone is still under pressure and the European Unions statistic agency , Eurostat, reported that the 17 nation bloc posted a trade deficit of 7.6 billion in January. There was a third successive rise in exports from the Eurozone in January and this could boost hopes that the Eurozone will return to growth sooner rather than later.