The Sterling (GBP) underperformed the Euro as the market bought EUR/GBP which had been under pressure recently. The GBP/USD is struggling above 1.5600 but is very quiet as are most of the markets ahead of the EU summit and ECB/BOE meetings on Thursday. Halifax HPI fell -0.9% vs. 0.0% forecast m/m. Looking ahead, October Industrial Output forecast at -0.3% vs. 0% previously m/m.
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