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A roller coaster month with conflicting reports skewing the market and at one point causing a jump of £170. However, this was short lived and the true fundamental positives have eased the market back to levels just sub 1400. The outlook continues to be positive with arrivals being above last year's levels and so we should expect the market to remain bearish and steady.



At last Sterling increased against the Euro and reached the €1.19-€1.20 level. Not before time and with all still to play for within the Eurozone, who knows what will happen in the coming year??

Tony Mycock
5th January 2012



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