The Sterling (GBP) Dipped with the EUR/USD going into the European session but was well supported and tested 1.5600 at the end of the US session. BOE Governor King talked up the prospect of more QE at the next BOE meeting to help the recovery. Looking ahead, Q4 GDP forecast at -0.1% vs. 0.6% previously. January MPC Vote forecast at 0-9-0 for a consensus hold vote.
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