The Sterling (GBP) held up for a little while as EUR/GBP selling supported cable but when stock losses mounted the GBP/USD crashed through 1.6000 and headed to 1.5900 in sharp selling. September Trade Balance blew out to -9.8bn vs. 8.6bn previously. Looking ahead, Bank of England rate meeting forecast to hold at 0.5% and the QE held at 275bn.
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