The Sterling (GBP) the GBP/USD remained pivoted at the 1.6000 level failing to move far from the level even as risk aversion picked up in the US session. EUR/GBP remained steady as well but is grinding lower under 0.8700. Q2 Current account came in at -2bn vs. -4.1bn in Q1. Looking ahead, October CBI Orders forecast unchanged at -9.
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