The Sterling (GBP) the GBP/USD was down then up with the general market moves. August Trade Balance improved to 7.7bn vs. 8.2bn previously. The EUR/GBP has found resistance towards 0.8800 and is easing back below .08750 in gentle selling. The recent cable rally is reaching critical levels near 1.5800 -1.6000 which has proven pivotal in recent months.
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