Quotes from Western Union:- Sterling treaded water and managed to keep its chin above yearplus lows against the greenback. Offering more evidence of how Europe's No. 3 economy has come off the boil, U.K. home prices grew at the slowest annual rate in more than a year in December, rising 7.2% from a 8.5% pace in November. – Sterling had the rug pulled from underneath it over the second half of 2014 as inflation hit the brakes and dampened prospects for a U.K. rate hike. – GBP/USD is set to shed 6% in value this year, but compared to mid-July when it challenged $1.72; the pair is down about 10%.
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