The Sterling (GBP) a weak Services PMI saw the GBP/USD break 1.6100 with August reading at 51.1 vs. 55.4 previously. EUR/GBP was able to pare back gains though after rallying at the start of Europe to fall to fresh lows by the end of the day. The BOE rate decision on Thursday could surprise with an increase in the QE program they have in place.
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