UK data encourages view that economy is in recoovery phase

Risk appetite falters

By Jane Foley
19 November 2009 @ 09:06 am EDT

A difficult session for Japan's Nikkei 225 overnight wiped away risk appetite at the start of the European session.  EUR/USD dropped back to 1.4847 early in the session, the EUR finding support from the strength of the EUR/JPY 132.00 technical barrier.  Sterling found encouragement on positive news from the Oct retail sales data.  The better tone of the USD has helped knock gold off its highs.

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