The Sterling (GBP) tracked the Euro higher surging back towards the key 1.6000 level closing above 1.5900. October CBI Realized Sales dropped to 36 vs. 40 but were overlooked. EUR/GBP hit week lows at 0.8700. Overall the GBP/USD traded with a low of 1.5760 and a high of 1.5981 before closing the day at 1.5930 in the New York session. Looking ahead, September Mortgage Approvals are forecast at 46k vs. 47k previously.
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