We recommend that investors sell GBP against USD

Review: Will the fiscal cliff situation not be resolved until February? Swedish consumer as well as industrial confidence fell steeply. SEK weakened by 0.91% against EUR. In the UK, the 1st revision of Q3 GDP did not offer any surprises. The US economic indicators generally offered positive surprises. Durable goods rose by 1.5% (estimate: -0.5%), the Richmond production index rose to 9 (estimate: -7), home prices rose by 0.2% in September (estimate: 0.4%) and consumer confidence rose to 73.7

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We recommend that investors sell GBP against USD

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