The Sterling (GBP) was up and down with the changing sentiment finishing above 1.6000 as the bailout package was announced and threatening to break above the 1.6040 highs. EUR/GBP buying is suppressing the Cable but if 1.6040 is broken then a sharp rally could ensue. Looking ahead, October CBI Distributive Trades forecasts -15 vs. -15 previously.
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