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09:00 Italy GDP (Q3) final -0.2%
09:00 Italy GDP (Q3) final Y/Y 0.2%
09:30 UK PSNCR (November), bln 10.5
09:30 UK PSNB (November), bln 15.2
09:30 UK PSNBX (November), bln 18.1
09:30 UK BoE meeting minutes (07-08.12)
The euro fell amid concern that European Central Bank measures to support its banking sector may drive down borrowing costs for governments while weakening the value of the region’s currency.
The ECB said it had awarded 489 billion euros ($637 billion) in 1,134 day to banks, more than the 300 billion euros forecast by economists, as investors bet the euro-region debt crisis is far from done.
The euro fell to a fresh 11-month low versus sterling on Wednesday as the single currency reversed brief gains made following a greater-than-expected take-up of the European Central Bank's first ever three-year lending operation.
Market players said sterling was also benefitting from being seen as a relative safe haven from the euro zone's debt troubles.
EUR/USD: the pair has shown high in $1,3200 area then fell in area of a session low $1.3070.
GBP/USD: the pair has tested resistance in $1,5770/80 area then fell below $1.5700.
USD/JPY: the pair was in Y77,65-Y77,90 area.
At 1500GMT, the pace of existing home sales is expected to rise further to a 5.10 million annual rate in November after rebounding to 4.97 million in October. Weekly EIA crude oil stocks data is also due at 1530GMT.
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