The Sterling (GBP) traded between 1.5900-1.6000 as the market focused more of the Euro. The EUR/GBP grinded back to 0.8550 after finding support at 0.8500. The BOE held at 0.5% and kept the asset purchase program at 275bn as forecasted. Looking ahead, October PPI output prices forecast at 0.2% vs. 0.3% previously.
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