The Sterling (GBP) October CPI fell to 5.0% vs. 5.1% forecast and allowed the GBP/USD to ease with the Euro down to a new support at 1.5800. The pound will follow the Euro direction but at a slower pace with EUR/GBP currently falling as the Eurozone debt crisis rolls on. EUR/GBP tested the 0.8520 level but closed unchanged near 0.8560. Looking ahead, October Claimant Count forecast at 20k vs. 17.5k previously.
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