The Sterling (GBP) performed well in the risk off environment breaking above 1.6000 but failed to close above the key level falling back to 1.5950 support. EUR/GBP was the sharpest mover down under 0.8700. The BOE held at 0.5% and the Asset Purchase program at 200bn previously. Looking ahead, August PPI Input -1.5% vs. 0.6% m/m.
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