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Beecroft: Bullish on Britain but Sterling may suffer against USD

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More encouraging data from the UK, unemployment is at 6%, down from 7.4% this time last year. The figure the Bank of England may be watching most closely is wage growth, average earnings are up 1.4% between August and October while the latest CPI data shows inflation at 1% in the year to November.

Nick Beecroft, Chairman of Saxo Capital Markets joins us from London to give his assessment of the latest data from the UK. Nick has been consistently bullish on the UK and Sterling but he explains why he's now changed his thinking on Cable.