The British Pound surged nearly a 100 pips as the U.K trade balance shrank in November as exports reached the highest level in over a year. The trade deficit contracted to -6.75 billion from -7.0 billion as a weaker sterling and an improving global economy spurred demand for British goods.

Read more: DailyFX - Pound Finds Support on Rise in Exports, Euro Weighed As China Takes Measures To Slow Credit http://www.dailyfx.com/forex/fundame...#ixzz0cQPVhBMq