The Sterling (GBP) did well rallying with the Euro early in the day and then not falling aggressively with the S&P news as the EUR/GBP fell instead. EUR/GBP is looking to test lower towards the key 0.8500 support as the debt crisis hurts the Euro more than its neighbor in the UK. Looking ahead, November Halifax HPI forecast at 0.0% vs. 1.2% m/m.
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